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Don’t overplay the dollar’s decline in 2021, Covid-19 recovery and 2021 economic prospects

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Don’t overplay the dollar’s decline in 2021, Covid-19 recovery and 2021 economic prospects

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Wednesday 6 January 2021 – Vol.12 Ed1.3

Commentary: Don’t overplay the dollar’s decline

By Mark Sobel in Washington

Many observers are converging towards a highly downbeat 2021 outlook for the dollar. This view is at times associated with a surging risk appetite, the end of a strong dollar cycle or a twin deficit crash. Given the seeming random walk nature of exchange rates, forecasting the dollar’s 2021 outlook could be an act of hubris. That said, the dollar may indeed fall this year, but an overly negative narrative is unwarranted. Many arguments for a future slump don’t hold up.

Read the full commentary on the website.

Meeting: Covid-19 recovery and economic prospects

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Wednesday 3 February, 11:00-12:00 GMT

Riccardo Barbieri, director general at the Italian ministry of the economy and finance, sets out how Italy has responded a year on from the outbreak of Covid-19. He describes what the key priorities are for the G20 presidency and the areas for furthering the euro area recovery and growth plan.

Request to attend the meeting.

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