US Greenback as “Global Reserve Currency” amid Fed’s QE and US Govt Deficits: Greenback Hegemony in Decline

Other options also shaky. Central banking institutions leery of Chinese RMB, its share continue to irrelevant.  Euro’s share is trapped. But the yen’s share has been increasing. By Wolf Richter for WOLF Street. The US dollar’s posture as the dominant global reserve currency is an immensely crucial issue in supporting the ballooning US […]