New Delhi, May 23 -- The US dollar has likely to be entered in a long-term downtrend because of several economic and political factors that suggest a weaker dollar in the coming years, according to a report by Jefferies.

The report highlighted that on 24 December last year, America reached an all-time high of 67.2 per cent share in the MSCI All Country World Index. This was during a time of strong optimism and talk about "American exceptionalism."

Jefferies noted that this level was already close to breaking out on the charts, and now the breakout has finally happened.

However, the report clarified that this does not mean the US stock market will collapse. The issue is that the US holding 67 per cent of the index is unusually high.

Th...