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What Are the Causes of Devaluation of the U.S. Dollar?

April 26, 2017causes devaluation dollar

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What Are the Causes of Devaluation of the U.S. Dollar?

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The devaluation of the dollar owes itself to many causes. As a fiat currency backed by nothing more than faith, the dollar has taken the role of the world’s reserve currency since World War II. Increasing deficits, inflation and a reduction in overall market confidence in the dollar can cause demand for the greenback to slide.