Asian Currencies Weaken as Rate Fears Keep Dollar Steady on Nostr: The Slow Erosion of the US Dollar's Dominance in Global Transactions =============== ...
The Slow Erosion of the US Dollar's Dominance in Global Transactions
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#19fdf91f ver:0.39
The US dollar's dominance in global transactions is slowly eroding, but no real alternative has emerged. The US should focus on its own economic fundamentals to maintain its position. Central banks are diversifying their reserves away from the dollar, with some increasing gold reserves and others moving towards nontraditional currencies. The share of the dollar in global reserves has declined to about 55%. A multi-currency global financial system may emerge, but it will take time. Investors should closely follow developments to avoid being caught in political and military crossfire. #USD #globalcurrency #economy...
#newstr #UsDollar #GlobalTransactions #ReserveCurrency #EconomicFundamentals #MulticurrencyGlobalFinancialSystem
https://here.news/story/19fdf91f?ver=0.39
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#19fdf91f ver:0.39
The US dollar's dominance in global transactions is slowly eroding, but no real alternative has emerged. The US should focus on its own economic fundamentals to maintain its position. Central banks are diversifying their reserves away from the dollar, with some increasing gold reserves and others moving towards nontraditional currencies. The share of the dollar in global reserves has declined to about 55%. A multi-currency global financial system may emerge, but it will take time. Investors should closely follow developments to avoid being caught in political and military crossfire. #USD #globalcurrency #economy...
#newstr #UsDollar #GlobalTransactions #ReserveCurrency #EconomicFundamentals #MulticurrencyGlobalFinancialSystem
https://here.news/story/19fdf91f?ver=0.39