Sunday 17 December 2017
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Should You Be Careful Trading the Dysfunctional US Dollar? Should You Be Careful Trading the Dysfunctional US Dollar? The dollar goes up and the dollar goes down. Forex traders make a profit by predicting movement of the greenback versus other currencies. The underlying assumption in trading the dollar is that it is and will remain the dominant world currency, a safe haven in times of trouble and a reliable repository of value. But, now folks are worried. CNBC writes about the world could turn its back on the US dollar. A combination of geopolitical pressures could spark the end of the U.S. dollar as the world’s reserve currency, according to the head of FX strategy at Saxo Bank. In a quarterly outlook note titled “The world is turning its back on the almighty dollar,” John Hardy claimed the U.S. currency was “increasingly dysfunctional” and there was an urgent need to replace it. The currencies analyst highlighted these three geopolitical issues current

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