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To all opining about the ongoing demise of the dollar, please take a look at a 10 year DXY chart. Executive summary: It’s stronger than ever.
by tiahura 4y ago
To all opining about the ongoing demise of the dollar, please take a look at a 10 year DXY chart.
Executive summary: It’s stronger than ever.
- hmate9 4y ago1) it was much stronger in 1985 2) just because it’s strong now doesn’t mean it cannot ever fail. Ray Dalio’s new book might interest you as he breaks down past world powers and how their currencies (which were global reserve currencies at the time) collapsed
- Rexxar 4y agoHigher price and higher usage are not the same thing, a less used dollar would not necessarily have lower value. The evolution of foreign exchange market turnover would be a better indicator to look at : https://en.wikipedia.org/wiki/Currency_pair#Base_currency https://en.wikipedia.org/wiki/Currency_pair#Base_currency // https://www.bis.org/statistics/rpfx22_fx.pdf https://www.bis.org/statistics/rpfx22_fx.pdf (it's also increasing in the 3 last years)