According to Archyde.
29 May 2023, 08:59
ā¹ According to Archyde.com, the US Federal Reserve and five other central banks have reactivated daily dollar swap arrangements that were previously used during the financial crisis and the early months of the Covid-19 pandemic. In this Trade Secrets article by the Financial Times, it is argued that the dollar is indispensable in the world financial and trading system due to the network effect of its role in the global financial system and the fact that it is a funding currency for non-US banks.
š The article also looks briefly at US-China trade and how the value of American exports to China has declined. Read it now and discover more about this subject: