archivereserve currency

President Donald Trump’s mission to radically restructure the world economy is catnip to dollar doomsters, but raises few doubts for staunch believers in the currency’s primacy in global finance. All conversations about threats to the greenback’s role as the world’s reserve currency tend toward either imagining a collapse of American financial dominance, or stubborn shouts of TINA — There Is No Alternative. Far more likely is a slow grinding evolution into a world where different countries and currencies hold spheres of influence, a shift from the recent unipolar era. There...

Whether you want a strong U.S. dollar or a weaker U.S. dollar depends on where you stand. If you run a company that sells overseas, a weaker dollar helps you, because it makes your products cheaper for foreigners to buy, and you might sell more. But let’s say you’re traveling to Europe and looking forward to a shopping spree — a stronger U.S. dollar makes the whole thing cheaper.What many Americans can agree on is that maintaining the U.S. dollar’s status as the world’s reserve currency is crucial. There are...

Whether you want a strong U.S. dollar or a weaker U.S. dollar depends on where you stand. If you run a company that sells overseas, a weaker dollar helps you, because it makes your products cheaper for foreigners to buy, and you might sell more. But let’s say you’re traveling to Europe and looking forward to a shopping spree — a stronger U.S. dollar makes the whole thing cheaper.What many Americans can agree on is that maintaining the U.S. dollar’s status as the world’s reserve currency is crucial. There are...