Friday, August 14, 2020

Six-point explanation – Is the dollar losing its role as a global currency?

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Given the loose monetary policy in the United States, its economic weakness and the political division there, the status of the dollar is being questioned. Right? The answer.

The dollar is still more valuable than a hygiene mask, but the currency rate is currently only developing in one direction: downwards.

The dollar is still more valuable than a hygiene mask, but the currency rate is currently only developing in one direction: downwards.

Foto: KEYSTONE / SERGEY DOLZHENKO

The US dollar is close to losing its status as the world’s leading reserve currency. The US big bank Goldman Sachs agrees with this assessment Bloomberg agency report came. However, the bank does not want this to be understood as a forecast. But how realistic is the assessment and what does it mean for the rest of the world? An explanation in six points. The last point shows the conclusion for Switzerland.

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