Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.
    2021
    Best News & Analysis Provider
    FxDailyInfo
    2022
    Best Forex Educational Resources Global
    International Business Magazine

    International monetary system is best organised around a single reserve currency – Natixis

    Source Fxstreet
    December 28, 2023 15:10

    The Dollar's importance as a reserve currency and as the currency of denomination for trade and financial transactions has not diminished despite the declining importance of the United States in the global economy, analysts at Natixis report.

    Declining weight of the US in the global economy

    The US accounted for 35% of global GDP in 1986, 26% in 1990, 29% in 2000, 24% in 2010, and 25% in 2022, so the size of the US in relation to the global economy has been steadily declining.

    However, the Dollar’s share of trade invoicing, foreign exchange reserves, international bond issuance and foreign exchange transactions has not fallen.

    This resilience of the Dollar's economic and financial weight, despite the decline in the economic and financial weight of the US, shows that the international monetary system is best organised around a single reserve currency.

     

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
    placeholder
    FX option expiries for Feb 19 NY cutFX option expiries for Feb 19 NY cut at 10:00 Eastern Time, via DTCC, can be found below.
    Source  Fxstreet
    FX option expiries for Feb 19 NY cut at 10:00 Eastern Time, via DTCC, can be found below.
    placeholder
    FX option expiries for January 24 NY cutFX option expiries for January 24 NY cut at 10:00 Eastern Time, via DTCC, can be found below.
    Source  Fxstreet
    FX option expiries for January 24 NY cut at 10:00 Eastern Time, via DTCC, can be found below.
    placeholder
    International monetary system is best organised around a single reserve currency – NatixisThe Dollar's importance as a reserve currency and as the currency of denomination for trade and financial transactions has not diminished despite the declining importance of the United States in the global economy, analysts at Natixis report.
    Source  Fxstreet
    The Dollar's importance as a reserve currency and as the currency of denomination for trade and financial transactions has not diminished despite the declining importance of the United States in the global economy, analysts at Natixis report.
    goTop
    quote