King dollar’s decline ripples across the globe – ZAWYA

King dollar’s decline ripples across the globe – ZAWYA

king dollar's decline ripples across the globe the dollar is down around 3% year-to-date, after rising for each of the last two years    close-up of american dollars. an accelerating decline in the u.s. dollar is reverberating around the world, adding fuel to a global momentum rally that has boosted prices for everything from technology stocks to gold.the u.s. dollar index, which measures the greenback against six other major currencies, is down around 9% from its march highs and is on track for its worst month since 2011, pressured in part by expectations that the united states will take a bigger hit to growth than other economies from the coronavirus pandemic.because of the dollar's central role in the global economy, a sustained selloff in the greenback could buoy a broad market rally driven by expectations of continued economic stimulus from the world's central banks and governments.the u.s. dollar index, which measures the greenback against six other major currencies, is down around 9% from its march highs and is on track for its worst month since 2011, pressured in part by expectations that the united states will take a bigger hit to growth than other economies from the coronavirus pandemic.an accelerating