This capacity to borrow seriously without struggling with a major balance of payments crisis continues to be called the United States's exorbitant privilege. Outside of its financial capabilities, the dollar is a strong image of American tradition and world-wide affect. The phrase “almighty dollar” reflects its perceived relevance in https://financefeeds.com/global-fx-market-summary-conflict-between-israel-and-iran-fed-ecb-economic-data-16-june-2025/