I agree with your sumation Grant and pose a hypothetical.
If all goods were traded in euro's where would the US$ be now?
Iraq was trading its oil for euro's & I am sure things have changed. A couple of other countries(Iran & a South American country I cannot spell but starts with a V) were going to do the same, (maybe they are).Argentina owed more than 5% of GDP apparently a ctitical figure for keeping the currency 'stable' on the US stands at 5.3% from my last read & probably growing as I type.
