The Lighthouse: Understanding Global Currency Dynamics (or scroll to the bottom to get to this week's tale of Mongoos & 5G)
Published by Asset Guidance Group, LLC, a Registered Investment Advisor, June 14, 2024
Part I: Explaining The Dollar as the World's Primary Trading Currency
The U.S. dollar is widely regarded as the closest thing to a global currency. It dominates international transactions, serves as the primary reserve currency for numerous countries, and is the benchmark to which many local currencies are pegged.
The Rise of the Dollar
The dollar's domina…
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