When Having a Reserve Currency Matters
Long Gold--> Long USD -->Short EWY
Long GOLD
Long USD against EM Emerging Market Currencies
Short EWY
What is the price of having a reserve currency?
Globalization takes for granted the access to a reserve currency, but it is far from true in our new geopolitical configuration, where geopolitics are defining new multipolar systems.
One of the greatest developments of globalization was the d…
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