/Heresy Financial: Why the Dollar’s Strength is a Sign of Weakness

Heresy Financial: Why the Dollar’s Strength is a Sign of Weakness

The dollar has strengthened recently, and its dominance as the global reserve currency has been called into question. Mostly due to the recent sanctions on Russia, the incentives are now in place for global actors to diversify away from their reliance on the dollar. Even Jerome Powell admitted the status of the global reserve currency could change soon in his recent testimony to congress.