US Dollar as “Global Reserve Currency” amid Fed’s QE and US Government Deficits: Dollar Hegemony in Decline

by Wolf Richter, Wolf Street: Other options also shaky. Central banks leery of Chinese RMB, its share still irrelevant.  Euro’s share is stuck. But the yen’s share has been rising. The US dollar’s position as the dominant global reserve currency is an immensely important factor in supporting the ballooning US government debt, the Fed’s drunken money-printing, and […]
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