The biggest threat to the US dollar is America's exorbitant debt load, JPMorgan says

Biztoc.com - 17 september 2024

The biggest threat to the US dollar is America's exorbitant debt load, JPMorgan says

The dollar's dominant role in global reserves and trade is safe, JPMorgan said. But the main looming threat is mounting US public debt, the firm said. Foreign reserves have been increasing exposure to dollar-denominated instruments, JPMorgan noted. De-dollari…

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