Shifts in Dollar Confidence

This chapter explores the recent decline in confidence surrounding the US dollar as a stable international currency, focusing on historical patterns of dollar demand and unusual market behaviors following political events. It examines the challenges posed by alternative currencies like the euro and renminbi, while discussing the implications of geopolitical dynamics on currency reliability. The narrative delves into the dollar's historical emergence as a dominant currency post-World War II, shaped by U.S. economic strength and strategic international partnerships.