Footy, the $US is on the way out, and one perceived partial replacement could be the Aussie$, another the Yuan. Read an article within the last 24 hours that listed numerous countries now strongly holding the Aussie, and saw a prediction that the Aussie may rise to $1.18 US (from memory), a severe "ouch" for exporters. Could have been in "The West", but cant find it.
The US has been partly responsible for this with its geopolitics....namely the sanctions on Iran, etc. Countries doing trade with Iran (Russia, China, India,Brazil, and even EU countries)have been forced to settle in currencies other than $US. As a result, China and others have been lessening their once very large holdings of $US.
Also, the ever increasing manifestations of US greed and financial incompetence, are not helping the $US one bit.
GZ
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