Saudi Arabia's management of its petrodollar reserves underscores the enduring strength of the U.S. dollar, highlighting the deep liquidity and legal stability of the American financial system. Following the 1973 oil shock, Saudi investments have consistently flowed into U.S. markets, reinforcing the dollar's dominance even as cryptocurrency markets emerge as competitors.
Federal Reserve Chair Jerome Powell attributes the dollar's resilience to the robust democratic institutions of the United States. However, he acknowledges that potential risks could alter this balance, as global financial dynamics continue to evolve.
Saudi Oil Wealth Reinforces US Dollar's Structural Strength
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
