[Key Reserve Currency "Dollar$" Feature Part 1] Reviewing the reserve currency dollar — Exploring the king of currencies, the dollar!
【Feature】 The US dollar as a true anchor currency!
Conquer the FX market by mastering the dollar!
The dollar, as the anchor currency, is said to account for half of all trading volume in the FX market. Many Japanese traders plan their trading strategies for each currency pair around the yen, but all exchange and trade benchmarks are centered on and based on the dollar. By learning the dollar, you can gain an edge in FX as well. Here, we first unravel the history of the dollar, then learn through a helpful Q&A for trading, and finally look at the outlook for the dollar/yen and other dollar crosses toward 2020.
・① Review of the anchor currency dollar ─ Exploring the king of currencies, the dollar! ← This article is here
・② Learn FX-friendly Q&A from dollar-related topics
・③ Dollar/Yen chapter: 2021 major forecast for dollar-cross currency pairs（Posted 12/30）
・④ Euro/Dollar chapter: 2021 major forecast for dollar-cross currency pairs（Posted 12/30）
・⑤ Pound/Dollar chapter: 2021 major forecast for dollar-cross currency pairs（Posted 12/31）
・⑥ Australian Dollar/US Dollar chapter: 2021 major forecast for dollar-cross currency pairs（Posted 12/31）
※ This article is a reprint/edit of FX攻略.com’s February 2021 issue. Please note that the market information described in the text may differ from current market conditions.
The History of the Dollar — What Path Has the Benchmark Currency Dollar Traveled?
The dollar was born alongside the United States’ independence. Since then, as the U.S. economy developed and endured World War I and World War II together with the United States, the current anchor currency dollar was born at the Bretton Woods Conference in 1944.
Since then, after major events in currency history such as the suspension of gold-dollar convertibility and the Plaza Accord, it has continued to the present day.
Here, we will look back at the dollar’s history and important events.
