Let’s talk fundamentals. Technicals even.
It’s the world’s reserve currency. Meaning, it’s the most used currency in the world. It’s influence is not paralleled in the world today. Therefore we can say that it’s the most stable currency. The most trusted.
Or is it?
Look. A lot has happened this year. Probably more than any other year. The world’s Pandemic. Many things are changing, everything from our individual lives all the way up to the most macroeconomic relationships.
In this thread I want to focus on what’s happening to the USD. The fundamentals of it as well as the technicals.
- Are we witnessing a (major) change in the credibility of the USD?
- Will there (ever) be a new, other, world reserve currency?
- Will the EUR overtake it?
According to this article, a lot of money managers think so.
Check it out.
If this is nothing but a short term dip, for the Dollar, and comes back alive, then fine. We’ll stuff this thread to the back and forget about it.
But, we are living in different times.
This very well could be the start of the demise of the USD. Therefore I want to track the progression and the turn of events that may come about.
Feel free to post any arguments for or against this situation.
Personally, I really don’t care (being a US citizen).
Let’s all be unbiased. And document this.
Talk to me.