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ANALYSIS-A crisis that has blunted the euro's global profile

May 21, 2020 - Nasdaq

B y Tommy Wilkes and Dhara Ranasinghe LONDON, May 21 (Reuters) - The coronavirus crisis may have dealt a lethal blow to the idea that the euro could one day replace the dollar as the world's preferred currency, by exposing euro zone frailties and cementing the U.S. Fed's role as global lender of last resort. These months have highlighted - and possibly entrenched - the dollar's dominance of global commerce, investment, borrowing and central bank reserve savings, not least because of the differ...