The "King of Dollars" status remains unshaken [Akira Mori]

Mori Akira Profile

Economist. Affiliated with a think tank (United States). Specializes in exchange rate policy, monetary policy, macroeconomic policy, and financial regulation. Interacts with market participants, financial authorities, and policy makers, and analyzes exchange rate trends from multiple perspectives.

※This article is a reprint and revised edition of an article from FX Tactics.com May 2021 issue. Please note that the market information stated in the body may differ from current market conditions.

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In the United Nations Conference Hall at Palais des Nations in Geneva, Switzerland, there is a mural by Spanish artist José María Sert. After the war, crowds joyfully throw away their guns, and the scene shows the mother and child’s “hope” mounting a peace cannon, while doctors free humanity from the misery of illness, and slaves smash their chains. On the ceiling, the five giants of the continent, in clenched fists, pull people from around the world toward them (Image ①). Things that separate people—“war,” “hatred,” “atrocities,” “revenge,” “exploitation,” “injustice”—are never permissible. In particular, the world is currently losing many lives to the novel coronavirus. To solve the pandemic, cooperation rather than confrontation is required. Therefore, sharing the concept of “globalization” is extremely important.