This New Currency Is Challenging The US Dollar And No It's Not Yuan
In a multipolar currency world, the US dollar has now become a source of constant speculations and challenges. The US dollar has attracted credible foes and enemies, the ones that want to derail its status as a reserve currency. US President Donald Trump is also tightening his stance against global nations, introducing intense tariff policies that are further pushing the nations away from the US dollar. With the trade war narratives catching pace, the US dollar keeps plunging, derailed by a new currency challenger in space. Also Read: Wall Street Crash: Who Got Wrecked in the $320B Crash—While Buffett Cashed In? US Dollar’s Newest Enemy The US dollar is now a part of larger currency dynamics, with the American currency battling new challenges. Per the Kobeissi letter, the US dollar index has fallen 3.5% last week, marking the second largest drop since the pandemic in 2020. The index is still showing signs of red, plummeting relentlessly amid new trade war narratives gaining moment...
