Author notes EUR/USD near 1.2 and dollar weakness, questioning reserve currency status.
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In last 12 months dollar lost almost 20% of it's value against EUR and most other major currencies, dollar holdings of foreign central banks are at their lowest levels in last 35 years. Some are starting to question if dollar will remain as reserve currency. Is this all because of Biden:)? and what type of future awaits dollar.
Just in 2024 almost every country looked at USA economy with envy, dollar was at its strongest, unemployment at its lowest, USD growth was highest in western world, so what went wrong and is there still a chance to fix things?