The U.S. dollar DX00 enjoys unrivaled global status, but rising federal deficits and U.S. sanctions on businesses and banks in Russia and other nations are causing governments to seek alternatives.
How successful those efforts will be remain to be seen, but historically, the U.S. dollar has been well-managed. To the extent its value against other currencies fluctuates, it exhibits what has been called the “smile” pattern. The dollar’s value against other currencies peaks during times of global economic distress or recession…
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