“I think there’s a lot of nice little storytelling going on about the dollar right now, Steve. It’s actually been pretty strong and it’s likely to strengthen at least in the short to intermediate term. When they talk about the volume of trade, I mean the US dollar is far and away the most used currency in the world. The next closest is the euro dollar put to put in the comparison, about 60% of the trade settles in U.S. dollars. About 20% settles in euros. The next closest one is less than five percent. There is no other currency that is even remotely close to replacing the U.S. dollar anytime soon”. Hit play to listen to more of Terry’s thoughts about the U.S. dollar.
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Any information discussed in this article is for educational purposes only. It is not meant to be any kind of recommendation or financial advice. The information contained in this video is intended for informational purposes only. Any opinions are those of Terry Sawchuk and not necessarily those of JW Cole Financial, Inc. or JW Cole Advisors, Inc.
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