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Dollar Safe Haven

By experts and staff

Published
  • Benn SteilCFR Expert
    Senior Fellow and Director of International Economics
  • Dinah Walker
    Analyst, Geoeconomics

Global imbalances have raised fears of a dollar crisis. But rather than collapsing, the dollar has grown stronger over the last year. What explains this safe-haven status of the dollar, and can it last? The chart above shows the value of the dollar over the last 35 years, highlighting recessions and significant geopolitical events.