Battered U.S. dollar 'hanging by a thread' as coronavirus cases grow

A steady decline in the dollar has accelerated in recent weeks, as a resurgent coronavirus outbreak in the United States and improving economic prospects abroad sour investors on the currency.Net bets against the dollar in futures markets are approaching their highest level in more than two years."The dollar is hanging by a thread," said Mazen Issa, senior currency strategist at TD Securities in New York.