Economists have expected the US dollar to fall to unprecedented levels by 2024, US media reported Thursday.
Since the 1970s, the US currency has been repeating a cycle of losses and gains every 15 years, and the dollar is now in a downward spiral.
Olaf Lindahl, a global market analyst for Bloomberg, said the dollar was currently in the losing cycle, which would make it down about 40 percent in the next six years.
"When investors hear about the 15-year cycle of the dollar, they are skeptical at first and deny it."
"If non-US investors hedge against the dollar, they may face an investment climate that is the most serious in 45 years," Lindahl said.
He predicted that the US dollar would fall to $ 2 per euro by 2024, equivalent to losses of 41 percent.
Lindahl said the cycle of losses and gains is a normal pattern in economic life, but investors miss this session when it comes to the dollar.
Lindahl attributed the fall in the dollar against the euro to a possible slowdown in US economic growth, which in turn would lead to a slowdown in the market, as well as political turmoil and a dollar appreciation on the basis of purchasing power parities against almost all major currencies.
The Dollar strengthened this year against the Euro, trading at $ 1.1542 Wednesday, compared to $ 1.25 at the beginning of the year.
The greenback has fallen slightly against the yen in the past 12 months.
