The Dollar Still Rules, But US Policy Is Making It Less Special
Bloomberg reports that America will have less geopolitical and economic leverage if investors and central banks hold more kinds of currency.
President Donald Trump’s push to redesign the global economic order in favor of the US is shaking one of the foundations of its post-World War II supremacy: the dollar’s undisputed role as the world’s reserve currency. It’s a status that shows the dollar is used in roughly nine out of 10 foreign exchange transactions and about half of all merchandise... ...
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