De-dollarization fears are overblown, but rising debt and US brinkmanship are top threats to the greenback, Bank of America says


Source: ca.finance.yahoo.com ca.finance.yahoo.com

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(Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images) De-dollarization fears are overblown, and the greenback remains strong globally, BofA said. But the main risks to the dollar are rising US debt and "fiscal brinkmanship," according to a note. "Therefore, the key threats to the USD's dominant role seem largely domestic, as opposed to competition from other currencies." The greenback's reign won't be nearing its end anytime soon as de-dollarization headlines are exaggerations, Bank of America said in a Thursday note. Instead, the dollar is more at threat from domestic fiscal issues, especially with the US at risk of falling...