NEW YORK: Some investors are worried the U.S. response to the Covid-19 coronavirus pandemic is dealing a body blow to the dollar, potentially accelerating what has so far been a slow erosion in the greenback's status as the world's dominant reserve currency.
Investors and analysts, including billionaire hedge fund manager Ray Dalio and Goldman Sachs Group strategists, are among those who have warned that massive U.S. government spending in recent months could hurt the dollar.
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