What has happened to the dollar value as a result

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Reference no: EM133614054

Problem: The recent financial stimulus of the government given to the business world and the public during the pandemic (by printing dollars) might have diluted the value of the dollar. Also, skyrocketing influence in the U.S. might have lowed the value of dollar. Recent de-dollarization strategy of some BRICS nations might have also affected the value of dollar negatively. What has happened to the dollar value as a result? List at least three determinants of the value of currency (dollar for the case) and explain how these determinants affected the value of the U.S. dollar relative to other major currencies (as reflected in the current value of the U.S. dollar).

Reference no: EM133614054

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