XAUUSD: Uptrend continues!
US Dollar's position as the primary global reserve currency is being challenged
The US Dollar's dominance in the global market has declined from 71 percent to 59 percent in the last 20 years. This trend may continue, which could negatively impact the United States. The reason for this is that the use of currency in global trade is a zero-sum game. This means that every time a currency like the Yuan, Real, or Rupee is used in international transactions, the amount of US Dollars used decreases. If other currencies become more popular, it could compromise the United States' position in the global market.
Plan trade in the intro ♥
The US Dollar's dominance in the global market has declined from 71 percent to 59 percent in the last 20 years. This trend may continue, which could negatively impact the United States. The reason for this is that the use of currency in global trade is a zero-sum game. This means that every time a currency like the Yuan, Real, or Rupee is used in international transactions, the amount of US Dollars used decreases. If other currencies become more popular, it could compromise the United States' position in the global market.
Plan trade in the intro ♥
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