(i know most discussion about De-Dollarization is more focused on reserves. But I still feel like the decline of Europes economic influence is the far more unambiguously true)
pull down to refresh
0 sats \ 1 reply \ @kingzing131 4 Jun
Just insane how in the beginning of the chart, it's even higher than USD at one point, this is almost a 50% drop in a decade.
The fear of de-dollarisation is also overstated.
The problem with countries selling are more because they need to pump up their own currencies
reply
0 sats \ 0 replies \ @carloschida 7 Jun
I think that the early decline coincides with the introduction of the Single European Payment Area.
reply
0 sats \ 0 replies \ @OT 4 Jun
This might explain their rising distaste for bitcoin
reply
0 sats \ 1 reply \ @RedRadish688 4 Jun
Interesting chart. Are there any explanations to what caused the sudden eur drop over the last 2 years?
reply
20 sats \ 0 replies \ @zuspotirko OP 4 Jun
It coincides with dollar rising in value, euro falling in value.
reply