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2023-02-08 03:30:38

US Dollar to Keep Losing Its Appeal as Safe-Haven Currency of Last Resort, Says Strategist

US Dollar to Keep Losing Its Appeal as Safe-Haven Currency of Last Resort, Says Strategist

Pacific Investment Management Company (PIMCO) expects the U.S. dollar to “continue to lose its appeal as the safe-haven currency of last resort.” The $1.74 trillion asset management firm added that the USD “is likely to fall further in 2023 as inflation falls, recession risks decline, and other shocks abate.” PIMCO Strategist Warns About USD Pacific

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