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Chart of the Day: US Dollar is Dominant

Samuel A. Kiburz Nov 1, 2023
chart shows US dollar in light purple

Contents

Today’s Chart of the Day was shared by Crews Bank & Trust Portfolio Manager Angie Parsons and comes from Wells Fargo Advisors. It shows that for all that is portrayed in the news, the US dollar remains the dominant reserve currency vs. the rest of the world. Why?According to the article, it is:

  • Our depth, liquidity, transparency, and reliable governance of U.S. markets.
  • Our reputable banking system, the rule of law, and transparency based on sound corporate governance.
  • It being backed by a single, identifiable national authority, the Federal Government.
  • Because it is fiat (vs. gold) which allows currency to be flexible and more stable in response to inflation or deflation.
Chart of the Day

About the Author

Samuel A. Kiburz
Samuel A. Kiburz

Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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