Finance

Don’t overplay the dollar’s decline in 2021, Covid-19 recovery and 2021 economic prospects

Don’t overplay the dollar’s decline in 2021, Covid-19 recovery and 2021 economic prospects

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Wednesday 6 January 2021 – Vol.12 Ed1.3

Commentary: Don’t overplay the dollar’s decline

By Mark Sobel in Washington

Many observers are converging towards a highly downbeat 2021 outlook for the dollar. This view is at times associated with a surging risk appetite, the end of a strong dollar cycle or a twin deficit crash. Given the seeming random walk nature of exchange rates, forecasting the dollar’s 2021...

https://allaboutshipping.co.uk/2021/01/06/dont-overplay-the-dollars-decline-in-2021-covid-19-recovery-and-2021-economic-prospects/

‘National security’ designation for $700M YRC loan ‘amiss’

Defense Department latest to be scrutinized by oversight commission on YRC loan

The latest report from the congressional oversight commission monitoring COVID-relief loans, including the $700 million loan made to less-than-truckload carrier YRC Worldwide (NASDAQ: YRCW), finds shortcomings in the decision-making process on behalf of the Defense and Treasury departments.  

The main sticking points for the commission have been the designation of YRC as a company “critical to maintaining national security” and the Treasury Department’s underwriting of a loan to provide...

https://www.freightwaves.com/news/national-security-designation-for-700m-yrc-loan-amiss

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