A versatile financial markets correspondent with both talent and appearance, Fisco’s corporate research column: Mabuchi’s Eye | Episode 8: Is the status of the anchor currency, the "dollar," at risk? [Mariko Mabuchi]
Profile of Mariko Mabuchi
Mariko Mabuchi. Investment experience: 7 years. At the time of the Abenomics startup, she was entrusted with asset management at a company, then spent three years as a full-time trader before becoming a corporate research reporter at Fisco. Currently also engaged in marketing at Japan Cloud Capital. Graduated from Doshisha University Faculty of Law, studied at Kyoto University Graduate School of Public Policy (Master in Public Policy). Won Miss Doshisha during university days.
Official Blog：https://ameblo.jp/mabuchi-mariko/
Twitter：https://twitter.com/marikomabuchi
※This article is a reprint/edit of an article from FX攻略.com, November 2020 issue. Please note that the market information written in the main text may be different from current market conditions.
◆ What will happen to the value of the base currency, the dollar?
Across Europe, the United States, and Japan, discussions about the possibility that the value of “cash” could decline due to monetary easing policies implemented to combat the coronavirus have become more common. In particular, with the recent months’ dollar depreciation and a sharp rise in gold prices, voices about the dollar’s value as the base currency waver are prominent. In fact, the gold market has become popular as a “physical asset,” surpassing $2,000 per ounce. As of August 11, 2020, there was a brief pullback to the $1,900s as profit-taking occurred, but it continues to trend sturdily (Chart 1).
