足球免费贴士网www.hgbbs.vip)是国内最权威的足球赛事报道、预测平台。免费提供赛事直播,免费足球贴士,免费足球推介,免费专家贴士,免费足球推荐,最专业的足球心水网。

The US dollar’s share of the world’s foreign exchange reserves has been falling gradually, and the structural changes in world economic and financial order as well the evolution of financial technology have weakened the dollar’s market share in global cross-borders payment systems.

FOR decades, this question has been resurfacing: Will the US dollar continue to be the world’s dominant reserve currency and continue to dominate the international monetary system?

The US dollar’s share of the world’s foreign exchange reserves has been falling gradually, and the structural changes in world economic and financial order as well the evolution of financial technology have weakened the dollar’s market share in global cross-borders payment systems.

The US Federal Reserve’s (Fed) resolve to get soaring inflation (9.1% in June 2022) back down to more acceptable level (Fed’s inflation target of 2%) through more interest rate hikes has helped to strengthen the dollar.

The broad US Dollar index, which had strengthened by 3.5% in 2021, continued to increase by 7.1% as of mid-July 2022.

Higher Treasury yields have made the US dollar more attractive to long-term investors, especially central banks and sovereign funds as they take into account the inflation’s return impact on their strategic allocation of assets and portfolio investment.

As of Aug 1 this year, at the levels (UST two-year at 2.8964%, five-year at 2.6911% and 10-year at 2.6590%), the US bond yields are becoming more attractive compared other comparable advanced and emerging bond markets.

,

小飞机 怎么 加 群www.tg888.vip)是一个Telegram群组分享平台,飞机群组内容包括Telegram群组索引、Telegram群组导航、新加坡Telegram群组、Telegram中文群组、Telegram群组(其他)、Telegram 美国 群组、Telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容,为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。

,

This will increase if US inflation starts to slow, which is likely to happen by 2023.

Enhancing the greenback’s appeal is the interest rate differential, which became a natural tail wind for the dollar. With the Fed’s hawkish bias to tackle inflation head on, and reinforced by quantitative tightening resulted in tighter financial conditions, this will prove a challenge for most assets classes and should help to buoy demand for the US dollar as a safe haven amid economic uncertainty and interest rate differential gains.

The US dollar’s dominant status as world reserve currency and its high liquidity has always been the investors’ undisputed safe haven currency choice.

In times of economic turmoil, investors’ flight to quality shed riskier assets and acquire less volatile ones.

This happened in 2008-2009 global financial crisis when the global demand for the US government bonds was held steady.

Will the US dollar lose its dominance status in the global international system? Over the years, structural changes in the world economic and financial order, geopolitical power play as well as the emergence of new technology and digital payment have undermined the US dollar’s role.

The US dollar’s share of global reserve currency has been shrinking to 58.9% in the first quarter of this year (1Q22) from 62.2% in 2010; 71.1% in 2000 and 65.1% in 1997. Have there been any significant shift into other reserve currencies?

乐陵便民网声明:该文看法仅代表作者自己,与乐陵便民网无关。转载请注明:小飞机怎么加群:Insight - Is the US dollar’s primacy at risk?
发布评论

分享到:

皇冠博彩app:Diamond magnate appeals Swiss corruption verdict
1 条回复
  1. 足球专家贴士(www.hgbbs.vip)
    足球专家贴士(www.hgbbs.vip)
    (2022-09-04 00:12:02) 1#

    帅气死了

发表评论

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。