"We continue to anticipate a sustained, albeit gradual, dollar recovery going into the second half of the year," said Henrik Gulberg from Calyon, one of the leading international corporate and investment banking networks. According to the Financial Times, the euro fell against the dollar last week as a sign of a slowdown in the euro zone economy.

Professor Naqvi said that dollar will “go on dropping”.

Sullivan said that “most recessions tend to be reasonably short, from 6 to 18 months,” in case we are “not having anything like Great Depression which can last 10 years or more.” He explained that if the US economy recovers, the dollar is likely to recover as well.