Status of the US Dollar as Global Reserve Currency: Share Drops to Lowest since 1995. Central Banks Diversify to “Nontraditional” Currencies and Gold | Wolf Street
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    • BashfulBob [none/use name]@hexbear.netEnglish
      0·
      10 months ago

      Petrodollar doesn’t look as hot when people are migrating away from petroleum.

      But also, the US Dollar has been defying socio-economic gravity for decades while the Euro and the Yen and the Ruble and the Peso all decline. “Worst since 1995” understates how overvalued the USD continues to be globally.

      Also, not a good sign for anyone’s economy when you’re stockpiling gold.