But without additional government stimulus, economists caution that the nascent recovery could be in jeopardy — especially as Covid-19 cases in the country continue to rise. The United States reported more than 77,000 new coronavirus infections on Thursday, the highest daily jump so far. Speaking of stimulus: European leaders meet Friday and Saturday in Brussels , their first in-person summit since the Covid-19 crisis began. But as the United States struggles with fresh Covid-19 outbreaks weighing on the economic recovery, the dollar has stumbled. A diminished role for the United States on the world stage could encourage allies to step up holdings of other top currencies.

Source: CNN July 17, 2020 11:37 UTC