Usd will remain a king dollar for as long as other countries realize a NEGATIVE effect of a LOWER currency in the TOT value.
Example was China. They tried 3times but the devaluation did a reverse course with a huge capital outflows. That didn't help to spur growth therefore they won't help exports either.
Australia is in deep sheet as I mentioned before. Australia is relying on commodities exports and RBA wants a lower AUD as well.
You can’t get both.
So if countries keep depreciate their currencies that will hurt their exports.
Deflation will not be solved. King USD is still the king forever and until the war crisis is over then US will think about how to depreciate their KING USD to focus on exports in order to lift inflation.
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