Bank of America Warns of Global Recession Risk Due to US Dollar Decline

Bank of America has issued a warning that a substantial decline in the US dollar could trigger a global recession, with developing economies bearing the brunt of the impact. According to NS3.AI, the dollar index (DXY) has faced challenges in maintaining a level above 100, indicating possible instability. While developed nations might be more resilient to this economic shock, a weakening dollar poses risks to global trade, investments, and market stability, potentially leading to increased volatility.