End of the U.S. dollar hegemony?

After the Second World War and following the fall of the Soviet Union in 1989, the so-called “dollar diplomacy”, a policy instituted by William Howard Taft and his Secretary of State Philander C. Knox and designed to enhance U.S. commercial investments in Latin America and the Far East, evolved into “dollar hegemony.” Several years later, today, the American dollar’s great influence on the global economy and its dominance seems to be coming to an end.

The reason why the U.S. has been the depreciating value of the American dollar, especially in comparison to the Euro is mind-boggling to the American nation and the entire world specially the past few months. How long will this trend last? Is it a good thing or a bad thing?

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