Dollar to Weaken as U.S. Underperforms Euro Area, Says Nomura's Rochester

The video discusses the performance of the US dollar, focusing on the factors influencing its strength, such as US economic growth compared to the rest of the world. It highlights the different responses to the economic crisis by Europe and the US, particularly in terms of job retention schemes. The video predicts a faster economic recovery in Europe due to these measures, while the US may experience a slower recovery. Additionally, it touches on potential risks, including a second wave of COVID-19 and the US election, which could impact economic projections and lead to a weakening of the dollar.

What are the potential risks affecting the US economy mentioned in the text?

Why does the speaker believe that US growth will underperform compared to the euro area?