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More thoughts on the dollar. Doesn’t come to any conclusions about price levels but does reinforce the trend that countries around the world are reducing the percentage of their reserves held in dollars. Can only result in a declining dollar over time.
Status of US Dollar as Global Reserve Currency: USD Exchange Rates Hit Foreign Exchange Reserves
Obvious …But declinig against what ?
ALL Currencies are subject to this DECLINE….against Hard Assets
Correct, which is why I don’t pay much attention to the dollar index. People watch it and talk about it but it is useless except on an intraday basis if you are making a trade.