Bloomberg Businessweek

$till the Boss

The euro hasn’t knocked the dollar from its top spot. Can the yuan do it? How about Facebook’s Libra?

The U.S. gets perks from the dollar’s lofty status in international trade, starting with the ability to borrow more cheaply. So the dollar has long faced wannabe competitors. The euro was created partly to chip away at its dominance, and China has been pushing for the yuan to be used more widely. Neither currency has dislodged the greenback from its perch. According to data going back to 1989, the dollar hasn’t lost any of its share in central banks’ foreign currency reserves, in currency trading, or in the

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