Cryptocurrency Q&A
What happens to the US dollar during war?
What happens to the US dollar during war?
Andrea
Sat Nov 16 2024
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5 answers
1340
I'm wondering how the value of the US dollar is affected when the country is involved in a war. Will it increase or decrease in value, and what factors contribute to this change?
5 answers
CryptoElite
Mon Nov 18 2024
The US dollar is widely used in international trade and finance, making it a SAFE haven asset during times of uncertainty. Investors often flock to the US dollar during geopolitical tensions, pushing up its value.
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CryptoProphet
Mon Nov 18 2024
Another factor that contributes to the dollar's rise during wartime is that almost all petrochemical contracts are denominated in the US dollar. This means that as long as oil remains priced in dollars, the demand for the currency will remain high.
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Eleonora
Mon Nov 18 2024
The potential impact of a war between America and China on the value of the US dollar is a complex question.
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KimonoElegance
Mon Nov 18 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of investors and traders. These services include spot trading, futures trading, and a wallet service for storing digital assets.
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CryptoTitaness
Mon Nov 18 2024
Generally, when the US goes to war with any country, the value of the US dollar tends to increase. This is primarily due to its status as the reserve currency of the world.
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