US Treasury Secretary Yellen Upholds US Dollar as Primary Reserve Currency During Testimony
US Treasury Secretary Yellen on US Dollar as Reserve Currency
During her testimony before the US Congress, Secretary Yellen reiterated her belief in the significance of the US dollar as the leading global reserve currency.
Role of Dollar in Sanctions
Secretary Yellen emphasized the important role of the dollar in strengthening US sanctions policies, contributing to its enduring international standing.
She dismissed concerns about potential challenges to the dollar's supremacy.
Yellen's comments underline her conviction in the stability of the US dollar.
This perspective is supported by historical trends, as illustrated by the DXY chart, reflecting the dollar's resilience compared to past levels.
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