http://www.forexconspiracyreport.com/should-you-be-careful-trading-the-dysfunctional-us-dollar/
Should You Be Careful Trading the Dysfunctional US Dollar?
The dollar goes up and the dollar goes down. Forex traders make a profit by predicting movement of the greenback versus other currencies. The underlying assumption in trading the dollar is that it is and will remain the dominant world currency, a safe haven in times of trouble and a reliable repository of value. But, now folks are worried. CNBC writes about the world could turn its back on the US dollar.
A combination of geopolitical pressures could spark the end of the U.S. dollar as the world’s reserve currency, according to the head of FX strategy at Saxo Bank.
In a quarterly outlook note titled “The world is turning its back on the almighty dollar,” John Hardy claimed the U.S. currency was “increasingly dysfunctional” and there was an urgent need to replace it.
The currencies analyst highlighted these three geopolitical issues currently putting pressure on the dollar’s status:
The issues cited are the economic rise of China, East Asian regional uncertainty sparked by North Korea and weakening of trans-Atlantic ties between the USA and Europe. A first step in moving the US dollar off of its pedestal would be China as the world’s largest crude oil importer setting oil prices in yuan instead of dollars. The alliances built by the USA after World War II are being tested by the reality show that is today’s White House and that fact could make it harder for the dollar. For Forex traders should you be careful trading the dysfunctional US dollar?
Trump Rescue of the Dollar in Doubt
After the shock of Donald Trump being elected president wore off the market seized on the idea that a Republican president and Republican controlled congress would cut taxes, repatriate offshore corporate cash, stimulate the American economy with a massive infrastructure repair package and cut back on inefficient governmental regulation.
4. http://www.forexconspiracyreport.com/should-you-be-careful-trading-the-dysfunctional-us-dollar/
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