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Chart of the Day: US Dollar is Dominant

Crews Bank & Trust Wealth Management Services 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

Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

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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