Blog

King Dollar Still Rules: Why It Continues to Reign

05/08/2023

By: Quincy Krosby, PhD, Chief Global Strategist

Much has been written lately about the threats facing the reserve currency status enjoyed by the U.S. dollar. “De-dollarization” headlines appear on a near-daily basis, suggesting the dollar’s reign is in looming jeopardy, while counter arguments point out there isn’t another currency with the depth, transparency, and reliability associated with the dollar. Still, critics accuse the U.S. of having “weaponized” the dollar, that is, punishing other countries with sanctions and freezing assets. These accusations have been particularly prevalent as the Ukraine/Russia conflict continues, with Russia and its long-standing allies asserting that the U.S. has illegally frozen billions of dollars of Russian financial assets.

Read the full commentary here: weekly-market-commentary-05.08.2023

Previous

Sell in May: Does This Stock Market Adage Come into Play

Next

Earnings Update: Better than Feared Undersells These Results