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Why US 'dollar doomsayers' could be wrong about its imminent demise

Written by Daniel Gros, Professor of Practice and Director of the Institute for European Policymaking, Bocconi University

phanurak rubpol/Shutterstock

The position of the US dollar in the global league table of foreign exchange reserves held by other countries is closely watched. Every slight fall in its share is interpreted as confirmation of its imminent demise as the preferred global currency for financial transactions.

The recent drama surrounding negotiations...

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