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Understand why dollar is so strong currency in the world. We'll discuss in this video the story of How dollar become King of currency in forex trading.
It all started from bretton woods system in 1944, when dollar was introduced as world reserve currency. Dollar was printed against Gold and all other currencies where peg against the dollar.
In the year 1971 Richard Nixon virtually destroyed bretton wood system by free floating dollar. So, no gold was kept as a reserve against dollar.
No more exchange of gold against dollar.
So, in the video we'll discuss why dollar is so powerful. What is petrodollar economy and how United stated kept his dominance.
Happy learning
Pravin Khetan
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