The financial supervisory authority in Berlin has warned against “drastic attempts to politicize institutions”
The US dollar’s status as a global reserve currency could be called into question as early as this year, the German financial regulator has warned in its annual forecast. According to a report published on Wednesday by the Federal Financial Supervisory Authority (BaFin), the American currency could suffer from funding shortages, geopolitical shocks, or politicization.
The forecast follows the dollar’s worst single-day decline in nearly a year. On Tuesday, the Bloomberg Dollar Spot Index, a key indicator of its strength against other…
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