Russian invasion of Ukraine could mark the beginning of a turning point for the US DOLLAR

  

Russian invasion of Ukraine could mark the beginning of a turning point for the US DOLLAR



Waiting for the dollar's Godot

Is the U.S. dollar over as a reserve currency?

That is one of several takeaways from the increasingly anfractuous conflict between Russia and Ukraine. A flurry of heavy-handed sanctions has isolated Moscow, and may yet ricochet across the global economy in unexpected ways (not the least of which includes inflation spurred by skyrocketing energy prices, and fears surrounding Russian supply).

The debate over the morality (and feasibility) of blockading Russia has amplified another debate that's brewed for years. Namely, can the greenback maintain its superiority over other currencies as the reserve instrument of choice?






full article: https://finance.yahoo.com/amphtml/news/russia-ukraine-the-end-of-dollar-dominance-dont-bet-on-it-morning-brief-100836932.html


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