Not really. The Fed has to reverse things to say the Yen and Yuan.
There was no way China was going to ease when their currency was collapsing against the USD.
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Not really. The Fed has to reverse things to say the Yen and Yuan.
There was no way China was going to ease when their currency was collapsing against the USD.
Thanks for your comment. You are right about the importance of the Fed and China policies. However, reserve diversification and geopolitical tensions could eventually challenge the dollar's hegemony. Interesting discussion!
The entire financial system is set up for the USD. And the two largest economies, US and China, are dependent upon the dollar. People do not realize how much the Chinese are involved with it.
Also, look at USD global debt..it is roughly $175 Trillion. That means companies needs USD to make their payments.