The U.S. Dollar’s Global Dominance: A Double-Edged Sword

According to a recent article by Joe Rennison and Karl Russell for The New York Times (NYT), the U.S. dollar has been gaining strength against nearly every major currency in the world this year. The Times reports that two-thirds of the roughly 150 currencies tracked by Bloomberg have weakened against the dollar, largely due to […] source: https://www.cryptoglobe.com/latest/2024/05/the-u-s-dollars-global-dominance-a-double-edged-sword/