Will the U.S. dollar remain the world’s dominant currency? Washington and Wall Street are worried about the ‘de-dollarization’ threat
A “de-dollarization” mania is gripping Washington and Wall Street.
Wall Street analysts, corporations, policy wonks and others are trying to ascertain whether there is any real threat to the U.S. dollar’s standing as the dominant global currency, along with how changes in the international monetary system might impact markets and the U.S. economy.
Interest in the topic, according to Mark Sobel, a longtime Treasury official and Chair of the Official Monetary and Financial Institutions Forum and others, is being driven by several developments, including the looming U.S. debt-ceiling battle in Congress, a China-brokered deal between Saudi Arabia and Iran as well as Beijing’s “no limits” partnership with Moscow, and growing unease abroad about Washington’s dominance over the global financial system.
Technically:
price will consolidate between 102.150 and 101.637 so below this zone, 101.637 and 101.495 will be downtrend to take 100.820
and otherwise supports uptrend, and breaking 102.150 then will continue the uptrend to touch 103.040
as in the chart is clear...
Note: this analysis is just for advice, not to enter the position