Currency Intervention Won’t Halt the U.S. Dollar’s Nosedive

istockanalyst.com — In fact, the United States holds just about 1% of the world ’s $7.6 trillion of foreign currency reserves, and our total position amounts to just 2.5% of the total daily volume of foreign exchange trading. Here’s the bottom line: If the U.S. dollar is going to fall, the U.S. Treasury is completely powerless to do anything to stop it. Read More