In June, former Morgan Stanley Asia chairman Stephen Roach predicted that the US dollar may plummet at least 35 percent against other major currencies in the not-so-distant future as the era of the greenback is apparently coming to an end.

Ongoing Washington-Beijing trade tensions along with America’s growing debt may prove factors to herald the beginning of the end of the US dollar era, Bloomberg reports.

The news outlet pointed to the current situation when “after nine years of strength, the [US national ] currency is being assailed from all sides”, something that can be compared to turning points in 1985 and 2002, “when abrupt policy shifts upended the dollar and ushered in protracted periods of weakness”.

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