💵 Dollar Dominance Is the Key to US Debt and Deficits Bloomberg reports that the greenback has seen off plenty of challengers — for good reason. Trump would do well to recognize its huge strategic value. 📊The eclipse of the dollar, and with it the ability of the US to borrow on a scale that would cripple any other country, has been long predicted. For at least half a century, skeptics have counted on something — or someone — coming along to knock American assets from their perch. Don't plan for a requiem just yet. 📊So the greenback isn't coming undone anytime soon. Its dominance goes beyond an official desire for a strong dollar, a weak one or something in between. The currency's pivotal role is tightly woven into the fabric of the modern economy. It accounts for the majority of global reserves and is one side of about 90% of foreign-exchange trading. 🇺🇸Right now, no other currency offers such a deep and safe pool of liquid assets. China, often cited as the country most likely to challenge US preeminence, distrusts markets. The yuan is subject to all kinds of meddling, from daily parameters on trading set by the central bank to curbs on what investors can take in and out of the country, and how easily. This isn't to say a credible greenback rival won't materialize, but perhaps, the only place that can dethrone the dollar is the US itself and everyone will have a lot to lose. Read full: ⬇️⬇️⬇️ en review.uz/en/66v ru review.uz/66v More analytics ⬇️⬇️⬇️ © Экономическое обозрение © Иқтисодий шарҳ © Economic Review telegram | facebook | twitter|linkedin