Currency: 3 Ways the US Dollar Is Being Dumped Right Now
The currency wars have now intensified, with the US dollar being bitten and gnawed from all nooks and corners. The dollar is currently losing its mettle in the forex market, as new competitors emerge to rattle the USD. The US tariff ordeal has already weakened the US dollar. The fact that the American currency is now at risk of losing its reserve currency status is also an important issue that is gaining traction in recent times. The multipolar currency world is also threatening the US dollar, with other currencies eyeing the reserve status due to the USD’s continued weaponization and increased institutional hegemony. Here’s how the American currency is being dumped globally right now. Also Read: Dirham Stablecoin Launch by IHC, ADQ & FAB Eases UAE Crypto Risks Three Ways Through Which Nations Are Moving Away From The USD 1. Nations Diversifying Into Gold Source: Watcher Guru The price of gold has hit a record high, as nations continue to hold gold in large quantities. The move ha...