OECD warns rebalancing of US deficit may drive dollar down sharply
LONDON (AFX) – The OECD has warned that the eventual rebalancing of the US current account gap ‘looks increasingly unavoidable’ and will send shock waves across the globe, starting with a slump in the dollar’s exchange rate.
The OECD said in its world economic outlook that the depreciation faced by the dollar could be ‘of the order of one-third to one-half.’
forbes.com