Question
Read paragraph below and explain a paragraph of your opinion. Markets all over the world are feeling the pressure. Every country or market has a
Read paragraph below and explain a paragraph of your opinion.
Markets all over the world are feeling the pressure. Every country or market has a reserve, and with the pandemic and war in Ukraine and the high-interest rates, most countries are burning through their currency reserve. Burning their own money makes them less likely to have funds for trading goods and services. Emerging and developing nations' foreign reserves have shrunk by $379 billion this year through June, according to data from the International Monetary Fund. Countries are trying to save as much as possible without borrowing from other countries. For example, since the US dollar is high right now, other small countries cannot finance the United States because they don't have enough reserves. The US dollar has reached a 20-year high, pushing central banks to deplete reserves to halt currency decline.
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