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Currency News: Why Crypto, Euro & Yuan Can’t Replace the US Dollar
The current financial world is largely accommodating talks of rising de-dollarization, discussing whether the US dollar has become a futile asset. The USD is now a central point of many debates, where keywords such as “USD weaponization” or “the Chinese Yuan taking over the dollar” have been hot topics, sparking lively discussions. However, in reality, the US dollar truly has no competitors and is a currency that truly has the power to turn the tables around. Here are three reasons why the US dollar cannot be defeated by either gold, crypto, the yuan, or the euro.
Also Read: ASEAN Officially Announces They Are Not Giving Up the US Dollar
Also Read: ASEAN Officially Announces They Are Not Giving Up the US Dollar## 3 Reasons Why USD Is Unbeatable in Global Currency Wars
1. Lack Of Trust In Alternatives
“The dollar’s dominance will remain in place for the foreseeable future because there are no viable alternatives,” predicts Sobel at the OMFIF. “I question whether Europe can get its act together, and China is clearly not opening its capital account any time soon. So what’s the alternative? There just isn’t one.”
“The dollar’s dominance will remain in place for the foreseeable future because there are no viable alternatives,” predicts Sobel at the OMFIF. “I question whether Europe can get its act together, and China is clearly not opening its capital account any time soon. So what’s the alternative? There just isn’t one.”### 2. Digital Assets Are No Good
3. Dollar Bound To Surge On Softening Fed Stance
Countries around the world are still betting on the American Exceptionalism trade
"Foreign investors have been the largest source of US equity demand YTD… investors bought nearly $280 billion in May and June this year, continuing the usual pattern of elevated foreign… pic.twitter.com/k69xiixpdG
Also Read: Citigroup US Dollar Outlook Signals Urgent Threat from BRICS Shift
Also Read: Citigroup US Dollar Outlook Signals Urgent Threat from BRICS Shift