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How the US Dollar Became Trade’s Default

Summary:
Nearly 90% of international transactions in 2019 were in U.S. dollars, giving the U.S. extraordinary power over nearly every entity that imports or exports anything anywhere. Here is how the global economy runs on the U.S. dollar—and why some countries are trying to chip away at its dominance.  Dollar’s Surprise Surge Challenges Stock Market RallySource: WSJ

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Nearly 90% of international transactions in 2019 were in U.S. dollars, giving the U.S. extraordinary power over nearly every entity that imports or exports anything anywhere. Here is how the global economy runs on the U.S. dollar—and why some countries are trying to chip away at its dominance.

 
Dollar’s Surprise Surge Challenges Stock Market Rally

Source: WSJ
 

Barry Ritholtz
Barry L. Ritholtz is the founder and chief investment officer of Ritholtz Wealth Management. Launched in 2013, RWM is a financial planning and asset management firm, with over $175 million in assets. The firm offers a variety of services to the investing public, including LiftOff — a low cost online-only investment site.

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