Commentary
The U.S. Dollar Index has lost 10 percent from its March highs, and many press comments have started to speculate about the likely collapse of the U.S. dollar as the world reserve currency due to this weakness.
A clerk counts U.S. dollars and Chinese yuan in Hefei, east China's Anhui Province in this undated photo. STR/AFP/Getty Images
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Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat” (2015), and “Life in the Financial Markets.”
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