Citibank says vaccine distribution could cause 20% dollar drop in 2021
“’When viable, widely distributed vaccines hit the market, we believe that this will catalyze the next leg lower in the structural USD downtrend we expect,’ the U.S. bank said in a research note.”
USAGOLD note: Accelerating a major drop in the value of the dollar is not one of the side-effects we would have guessed the result of a vaccine. Citibank is one among a growing pool of analysts who think things could get dicey for the dollar in 2021.
Repost from 11-18-2020