De-dollarization seems too good to be true as the USD dominance is still huge nowadays. XM will discuss everything about it in a free webinar for Indonesian traders.
The US dollar is the king currency as it has a stable value, the enormous size of the U.S. economy, and the United States' geopolitical heft. Still, there were some efforts to move away from the currency's dominance. Many emerging economies have increasingly sought ways to conduct trade in non-dollar currencies, a process known as de-dollarization.
They ebb their dependence on US Dollar, especially given the fallout from the Russian invasion of Ukraine and the repercussions of the COVID-19 pandemic. It means a challenge for the dollar's dominance. Dedollaratization seems impossible, but step by step, it could come true. Geopolitical uncertainties, concerns surrounding the US monetary policy, and global efforts to create financial independence are why an economy decides to escape the dollar's trap.
XM finds the Dedollarization topic fascinating, especially for Indonesian finance enthusiasts. Therefore, the broker will hold a free webinar to review the impact of the de-dollarization on the financial markets.
The instructors are the forex experts: Jonatan Sara, Fransiskus X. Sutjiharto, and Ardi Novianto Putra. The XM's Dedollarization webinar will be held on August 23, 2023, at 18.00-20 WIB (GMT+7). It's a free webinar to understand how de-dollarization works, to see how the markets react to it, and to find out how dollarization impacts trading. Attendees and clients who deposit 250 USD (Consecutive) or more within the promotional period 30/08/2023 - 30/09/2023 can claim the Avramis Analyzer indicator and learn how to use it.
See Also: XM Webinar