"The Foundations Of Dollar Dominance Are Weaker than Anticipated..." [zero hedge]
HONG KONG EX&CL UNSP/ADR (HKXCY)
NASDAQ:AMEX Investor Relations:
hkexgroup.com/investor-relations?sc_lang=en
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Source: zero hedge
"The Foundations Of Dollar Dominance Are Weaker than Anticipated..." Authored by Christoph Gisiger via themarket.ch, Economist Barry Eichengreen is one of the foremost experts on the global financial system. His new book examines 2,500 years of international currency history. In this interview, he discusses the fading hegemony of the dollar, outlines the coming global monetary order, and explains his growing concerns. King Dollar is staging a comeback. Since the start of the Iran war, the greenback has been in demand as a safe-haven asset. The losses following the price slide at the beginning of the year against the Swiss franc, euro, and other major currencies have been recuperated. Yet, although the dollar accounts for around 60% of global foreign exchange reserves and dominates more than half of world trade, its hegemony appears more fragile than ever. "From the war in Iran to the tariff chaos and domestic political uncertainty, I fear that the Trump administration's actions are pr
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