/How the US Dollar Became Trade’s Default

How the US Dollar Became Trade’s Default


 
Nearly 90% of international transactions in 2019 were in U.S. dollars, giving the U.S. extraordinary power over nearly every entity that imports or exports anything anywhere. Here is how the global economy runs on the U.S. dollar—and why some countries are trying to chip away at its dominance.

 
Dollar’s Surprise Surge Challenges Stock Market Rally

Source: WSJ
 

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