The Trump administration's approach to the pandemic contrasts sharply with the robust recovery in China.
The dollar's real effective exchange rate can head in only one direction.
The impact of consumers' fear of Covid-19 on pandemic-sensitive services are unlikely to subside.
The argument that there is no alternative to the U.S. currency makes little sense.
The world is having serious doubts about the once widely accepted presumption of American exceptionalism.
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