Fiat currencies

[Polo7]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies? 

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

[Wexnident]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies?  

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

Yes, dollar is still the strongest currency when we consider the fiat currencies. In general though, Fiat currencies are indeed getting weaker and weaker with banks rushing to lower interest value, making fiat currencies value itself depreciate. You can find more information about that here: https://bitcoinerx.com/finance/fiat-money-not-worth-anything-anymore-admits-banking-giant-ceo/. (found this link in CryptoBrys' post)

Now as to your main question why USD is dominant, it is because US is behind it. It is because its economy can back the currency of USD, making it the strongest currency out of all. You can find more information why it is strong here:https://www.thebalance.com/world-currency-3305931

As for why euro is valued higher, it is very simple. Supply and demand. Euros have a much lower supply across the globe when compared to USD which has a larger amount of Volume because it stimulates the economic growth with it.

[figmentofmyass]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies?

tether also has a euro stablecoin built on ethereum: https://etherscan.io/token/0xabdf147870235fcfc34153828c769a70b3fae01f

they recently launched one for the offshore chinese yuan too: https://tether.to/tether-now-supports-offshore-chinese-yuan-cnh-launches-cnht-stablecoin/

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

if the dollar collapses, the world economy collapses. economies are so interdependent now that financial contagion spreads like wildfire across the globe. no major fiat currency is safe.

[gantez]

What's Ur take on that?

Apart from that US financial and monitory policy is very strong, US dollar is used across as a means of exchange and trade. The US financial statistics is open to all and can be accessed by all, even there data and can be acted upon. These and more are reasons for demand of dollar which can be traced to such dominance too.

[lionheart78]

My main question is what makes usd so dominant?

I agree that dollar is still the strongest currency but it will be just a matter of time before other currency overthrown it.  The main reason why Dollar is so dominant because  it is the world's major reserve currency, thanks to Bretton Woods Agreement.

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?
What's Ur take on that?

Same  answer as Wexnident

As for why euro is valued higher, it is very simple. Supply and demand. Euros have a much lower supply across the globe when compared to USD which has a larger amount of Volume because it stimulates the economic growth with it.

[avikz]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies? 

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?

What's Ur take on that?

Dollar is used as a foreign reserve currency by majority of the countries in the world. Also dollar is the main settlement currency is all major international trade. These two reasons make dollar as the most dominant currency in the world. I can suggest an informative article for you to read about this matter,

https://www.thebalance.com/world-currency-3305931

It will give you a macro level understanding why dollar is so strong and used as a world currency!

The reason EUR was developed is to make Europe more financially independent and to minimize the dominance of USD. The same article shows a graph which says, the EUR dominance is only 1/3rd of the USD dominance in the world market. I don't think USD will ever be replaced by EUR, but yes, can give some serious competition to it!

[Findingnemo]

Dollar is most used currency in forex market and also oil prices were linked with dollars not in any other fiat so this makes it more stronger I guess.FED have policies which strictly monitor the supply and demand level and always keeps the inflation under control but in the recent days things were changing which might be a reason for the dollar to be fall from the most dominant currency in the next decade.

[dothebeats]

Ask the leaders of a lot of countries that hold USD as one of their reserve currency and perhaps you’ll get a straightforward answer to your questions. USD remains the strongest simply because a lot are still pegged to the dollar, and a lot of countries are still keeping USD as reserves together with gold. It has become the standard currency used for international trades and purchases which makes it a more fitting currency for the global scene. It’s just a matter of time before the USD gets overtaken by something else, and the EU, together with China are doing their absolute best to be at the top of the chain of fiat currencies.

[teosanru]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies? 

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

Actually people are not trying to say that Dollar is getting weaker and weaker against other currencies. What they are trying to explain is that dollar is getting weaker and weaker in terms of it's purchasing power. Which means that what you could buy of dollar years ago you can't buy that now. Coming to the dominance of USD it's because US acts as a sole superpower in the Capitalist Economy since world war-2. Their economic influence increased with breaking of Soviet Union. Moreover simply being higher in Value is not a sign of dominance. It's merely a sign of economic development. There still can be a lot of difference in their purchasing power. For eg. If you can buy a burger for $1 in USA it's not necessary that you will also be able to buy a burger worth Euro 1 in Europe.

[Febo]

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?

LOL. Euro?  Before USD there was English pound, before English pound there were Netherland whatever they had, before Netherland whatever they had was Spanish whatever they had. Why you think this currencies were world reserve currencies? This is quite simple history question.

When USD will lose role of world reserve currency CNY will take it. When CNY lose world reserve currency status Indian whatever they have will take it.  Maybe just maybe Bitcoin will jump in not sure when.

[yulchatar]

The dollar has been dominant for nearly a hundred years due to the fact that the American economy has been strong and powerful for many years. But recently, the trend has changed to the side of the countries of Asia, their economies are developing rapidly and this fact puts the dollar at risk.

[magneto]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies?  

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

The USD is the strongest FIAT. That doesn't mean that it's necessarily the best asset to hold.

In fact, I don't even think that the US government right now wants their currency to be this strong, because a strong exchange rate implies that their exports are completely uncompetitive (which is why Trump accuses China of manipulating exchange rates, if you follow these developments).

What people mean by a "collapse" is in the long run, fiat's tendency to go to zero in value due to its intrinsic value - which is precisely zero. It's not in the short term.

[Mometaskers]

The currency is still stable. It's used as a reserve by many countries and we also know that certain oil producers sell their oil for dollars only.

I do agree that it's purchasing power has been decreasing.

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?

LOL. Euro?  Before USD there was English pound, before English pound there were Netherland whatever they had, before Netherland whatever they had was Spanish whatever they had. Why you think this currencies were world reserve currencies? This is quite simple history question.

When USD will lose role of world reserve currency CNY will take it. When CNY lose world reserve currency status Indian whatever they have will take it.  Maybe just maybe Bitcoin will jump in not sure when.

Can't predict how long it will take but China is definitely waging a monetary war. From the few I read they are increasing their gold reserve.

[1Referee]

But recently, the trend has changed to the side of the countries of Asia, their economies are developing rapidly and this fact puts the dollar at risk.

It doesn't really put the dollar at risk. If we're looking at the DXY chart, it shows an increase in strength, not a decrease. I expect it to keep doing well as there is no doubt about the fact that it is the most in demand fiat currency in the world. Any fiat currency gaining against the us dollar should be used to stock up on more us dollars.

I have converted most of my euros to us dollars years ago already. If I didn't do that I would have lost out on a lot of purchasing power. I don't rule out the possibility of seeing the euro sink under the $1 mark at some point of the future, which is why I have more us dollar exposure than euro exposure.

[sunsilk]

But how many stable coins are for euro or other currencies? 

There is Statis Euro (EURS) backed by Euro.

https://coinmarketcap.com/currencies/stasis-euro/

They have a website: https://stasis.net/

There's also Binance GDP

https://coinmarketcap.com/currencies/binance-gbp-stable-coin/

https://www.binance.je/en

I've seen other stable coins pegged by other currencies but I didn't mention it because the volume is too low.

[Google+]

in some countries may consider the dollar to weaken but indeed currently there are many economic problems that occur and in my opinion this is what makes fiat prices are unstable, now makes many traders confused, in my country the dollar exchange rate is stronger than the euro.

[yoseph]

in some countries may consider the dollar to weaken but indeed currently there are many economic problems that occur and in my opinion this is what makes fiat prices are unstable, now makes many traders confused, in my country the dollar exchange rate is stronger than the euro.

The US currency is pegged to the US economy and during Trump's tenure, the economy has been very great to the fact that people who initially thought he wouldn't be able to grow the economy are saying that he shouldn't be taking all the credit for the economic boom that the US economy are currently experiencing.

[Blossom15]

Some say that dollar is weak and getting weaker.

But dollar is still strongest currency.

Look at the stable coins like : pax, usdc, usdt true usd and more...  They are pegged with usd.
But how many stable coins are for euro or other currencies? 

As people spreading rumours that dollar will  collapse and losing dominance, i see different.

My main question is what makes usd so dominant?

And why the euro value is higher then usd but USA dollar is still dominant, do you think that usd will be replaced by euro?


What's Ur take on that?

The rumors are all part of the game and currency values fluctuate. The dollar will not be the strongest currency forever, but it sure is now.

[qwertyup23]

The strength of dollar stems from the its very history and nature, as US being the hegemonic country throughout the years. As they are considered the dominant country in all aspects of technology and economy, its market is able to increase the value of USD by exporting and importing products throughout the world.

I doubt that the current tenure of Trump is the reason behind the weakening of dollar but it may be considered as a factor.

The dollar has been dominant for nearly a hundred years due to the fact that the American economy has been strong and powerful for many years. But recently, the trend has changed to the side of the countries of Asia, their economies are developing rapidly and this fact puts the dollar at risk.

USA being the dominant country is always open for competition on its top spot. Like what you mentioned, Asian countries such as Japan, Singapore, etc. are starting to develop and increase the value of their currency proportional to their economy.

[blckhawk]

Current price does not determine which is stronger than what. US Dollar is definitely stronger since it's dominating the market in terms of trades, reserves and is generally accepted to have value. For your question as to why Euro has higher price, it's because the total market supply of Euro is far lower than that of USD. Lower supply would mean higher prices.

All fiat currencies experience monetary inflation, even Bitcoin has. New bitcoin is generated on intervals, which raises supply and decreasing price, same goes with fiat currencies.