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De-Dollarization: Europe Joins the Party

What has been true for decades still applies. The US dollar continues to enjoy the confidence of markets, governments, and central banks. But faith in the US dollar weakens a little every year.

Only the next major crisis will show whether the euro, the yuan, or gold will really be able to do any harm to the leading currency status of the US dollar – or whether the US dollar still has enough life left in it to prevail. Until then, the creeping loss of confidence in the dominant currency of the past seven decades is likely to continue.

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