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The dollar might no longer be the king of the hill

Jacques Attali's dire future is fast becoming a reality: the imperial dominance of the United States is fading, and the dollar might soon turn into a pumpkin. Oddly enough, the blame for this tectonic shift lies with the country itself. The decision to freeze Russian currency reserves consecutively prompted other countries hostile to the US to reduce the share of "greenbacks" in both portfolios. According to the IMF, the dollar's share in central bank accounts fell by 0.44% to 58.36% by the end... Read More

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Posted: Apr 24 2023, 11:21

Author Name: forexlive

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