Efforts to strengthen dollar are on
Dollar has played merciless games in last 3 years; falling from an enviable position of strength to a deprecating phase. However, thanks to the levels of FDI and fixed income assets in other countries, it has the base to bounce back any time.
Major economic heads throughout the world are in a quandary regarding the position of dollars. Its loss of dominance will ensure an egalitarian state with a loss of figurehead. Moreover, currency dynamics will be in turmoil as they have been in the habit of relating with USD.
Global meetings are being held to either strengthen dollar again through easing policies. Else, there is an alternative plan of creating a global currency. The latter is far-fetched however. France does have uplifting ideas of decimating dollar, but there is massive volume of support in dollar’s favor as well. US bond securities have ever held an esteemed position and may help fiscally even after downfall of AIG and almost of Citibank.
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