King Dollar Dons Its Crown
Despite all the fear-mongering about the U.S. Dollar losing its status as the global reserve currency, it continues to trend higher relative to many other foreign currencies. 😱
As the global battle against inflation rages on and recession fears rise, market participants continue to find safety in U.S. Dollars. Given that real interest rates in the U.S. are higher than many alternatives around the world, demand for dollars remains strong.