The US dollar, itself being challenged from time to time in the last fifteen years as a star currency, has been sailing on choppy waters. The behavior of these three major currencies and the almost sudden rise of the renminbi reflect the underlying disruptive forces at work and the tectonic shifts occurring at the global level.
The second seminal event is known to you as much as it is to me. It’s best left of this address. The world order that business communities and policy makers across the world are accustomed to has been going through a noticeable process of de-construction for quite some years. Lately, the process has accelerated.