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Why the Dollar Will Always Be the Reserve Currency for the World


On Friday morning the U.S. dollar came close to its lowest point of the year against the euro, according to The Wall Street Journal, on expectations that the Fed will have to continue its easy money policies for longer than first forecast thanks to the government shutdown.

More broadly, the shutdown and fiscal brinksmanship over the debt ceiling has again renewed the debate over the dollar and its status at the center of the financial system as the global reserve currency.