Do you know about - US Dollar as Reserve Currency.mp4
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US Dollar as Reserve Currency.mp4 Video Clips. Duration : 28.37 Mins.We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Free Stock Quotes . The Direction of the US Dollar as a Reserve Currency A reserve currency is the monetary instrument which asset holders go for stability and safety. As such, international goods and services are typically denominated in dollars and international trade is for the most part executed in US dollars. As an example, the oil trade is quoted and executed in the USD. The dollar and the euro together account for nearly 90% of foreign exchange reserves. The two currencies together account for nearly two thirds of all trading in foreign exchange markets worldwide. However recently, analysts and investors are voicing doubts about the stability of the dollar and the euro. These doubts mostly have been generated by the debt ceiling crisis in the United States and Europe. Recently, Chinese officials have admonished the US government about the need to be responsible with the Dollar. Also, United States for the first time in its history has received a downgrade on its credit worthiness from private rating agencies. Doubts about the euro are even stronger amidst its debt crisis. Thus, there has been a flight from the euro, and the value of the euro has plummeted leaving the US Dollar as the world's lone reserve currency. Although the dollar has strengthened since the flight from the euro, it has not returned to its place as King Dollar as its value relative to gold indicates. We, at the Philosophical Angle, will examine why that is. The Dollar and the United States have suffered economic ...
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