Hello traders, I come to give you some information.
Over the past 20 years, the US Dollar's portion of the worldwide market has declined from 71 percent to 59 percent, and there is a possibility that it could decrease even more in the coming years. This development has a significant impact on the United States since global trade's currency usage is a zero-sum activity. Whenever any other currency, such as Yuan, real, or Rupee, is traded globally, it means that the US Dollar is not being used. If other reliable alternatives become more popular, it may jeopardize America's dominance in the global market.
US Dollar's position as the primary global reserve currency is being challenged
Over the past 20 years, the US Dollar's portion of the worldwide market has declined from 71 percent to 59 percent, and there is a possibility that it could decrease even more in the coming years. This development has a significant impact on the United States since global trade's currency usage is a zero-sum activity. Whenever any other currency, such as Yuan, real, or Rupee, is traded globally, it means that the US Dollar is not being used. If other reliable alternatives become more popular, it may jeopardize America's dominance in the global market.
US Dollar's position as the primary global reserve currency is being challenged
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