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US dollar may fall in price in long term prospect – mechanism launched

21.01.2021,11:18


January 21, Fineko/abc.az. Janet Yellen, the former head of the US Federal Reserve and currently running for Treasury Secretary, could trigger a long-term fall in the dollar.

ABC.AZ reports that this was informed by experts interviewed by Bloomberg.

Experts believe that Janet Yellen plans to increase the liquidity of the national economy at the expense of the state budget.

Investors expect the dollar to weaken due to the budget injections that the Democrats plan to resort to stimulate the national economy.

An expert from Australia & New Zealand Banking Group Ltd believes that the new US government is satisfied with the weakening of the dollar. This is evidenced by the news that Janet Yellen intends to adhere to the market exchange rate of the national currency.

Specialists from Goldman Sachs believe that low nominal and real interest rates on loans, the high value of the dollar, as well as the rapid recovery of the global economy in 2021 will put pressure on the US currency.

Over the past day, the dollar in the Forex markets fell in price – the dollar/euro rate fell to $1.2136.

By Elmir Murad