Are countries dropping the U.S. dollar?
Are countries dropping the U.S. dollar? This is an effort by a growing number of countries to reduce the role of the U.S. dollar in international trade. Countries like India, China, Brazil and Malaysia, among others, are seeking to set up trade channels using currencies other than the almighty dollar.
Is euro stronger than dollar 2023?
Analysts at Bank of America (BoA) are more optimistic and believe that the euro will strengthen against the greenback in 2023. Economists expected EURUSD to strengthen to 1.10 by the end of 2023.