Why US dollar will survive the test of coronavirus pandemic

Whatever its detractors might say, the US dollar will never be supplanted as the world’s foremost reserve currency without a massive change in the global monetary order. It’s all down to historical precedent, market dominance, liquidity and trust.The US may be criticised for running a jaw-dropping budget and trade deficits but the global demand for dollars continues to grow for transactional needs, currency reserve requirements and investment purposes the world over. Dollar fundamentals might…

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