Status of US Dollar as Global Reserve Currency: USD Exchange Rates Hit Foreign Exchange Reserves

by Wolf Richter, Wolf Street: Complicated times for the dollar. The Chinese Renminbi, a distant also-ran, loses ground.  The last three years were complicated for the dominant reserve currency. At first there was the Fed’s $5-trillion money-printing orgy and interest-rate repression. Then there was raging inflation, which the Fed brushed off as “transitory.” Through this […]