Is the USD Losing Its Edge?
(picture taken from Wix's library) Hello Everyone! Most Economists agree that the USD is still the reserve currency of choice in the world. Most Central Banks hold it and indeed need it. Most trade is still made using USD and that place has not yet been challenged significantly. However, I argue that the USD is not seen as “safe” as it once was. To be a safe haven currency (or asset), investors need to see it as a store of value in times of economic uncertainty. Gold seems to