Business
World is frozen in response to deluge of US dollars, fearing Trump punishment – Sydney Morning Herald
The US dollar has fallen significantly against most major currencies but countries’ responses have been muted by fear of US retaliation.
The dilemma facing European policymakers is, however, one confronting much of the world as it struggles to recover from the destructive impact of the pandemic on economic growth.
Since March and the Feds decision to not only provide a deluge of dollars for its own economy through massive and open-ended purchases of bonds and other securities but to provide liquidity swaps with 14 central banks supplying them with US dollars the world has been drowning in US dollars.
The combination of the acce…
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