Should we expect a sharp depreciation of the dollar?

Several mechanisms may actually lead to a sharp depreciation of the dollar in the future: The fact that monetary policy is even more expansionary in the United States than in other OECD countries; The possibility that Europe may use its savings surplus to invest and no longer lend it to the United States; The new economic policies that Joe Biden would implement if elected president, which would reduce the attractiveness of the United States for investors (in equities, companies); The end of capital flows from emerging countries .