Harvard Professor Says US Dollar Will Keep Its Crown
The US dollar is facing heat from local currencies that seek to uproot it from the world’s reserve status. Trump’s trade wars and tariffs are doing the damage, as emerging economies are seeking alternative currencies. To make things worse, the DXY index, which measures the performance of the greenback, is down more than 10% year-to-date. It is struggling to climb above the 98 level and has remained stagnant for eight months. Despite all of the negatives, Harvard Professor Gita Gopinath believes that the US dollar will keep its crown in global finance. Also Read: Crypto Firms Target $12B in IPOs as Gemini, Figure Join Nasdaq Harvard Professor & Former IMF Economist Opines About the US Dollar’s Future Prospects Source: IMF Gita Gopinath, who served as the Chief Economist and Deputy Managing Director at the IMF from 2019 to 2022, rejoined Harvard as a professor in economics and opined that the US dollar’s supremacy will remain intact despite internal and external pr...