Your English writing platform
Discover LudwigSuggestions(5)
Exact(46)
Rising local demand for dollars is already putting pressure on the peso in the unofficial market.
And fourth, central-bank demand for dollars creates, in effect, a stable economic system.
The dollar fell against the euro as tumbling United States stocks dimmed demand for dollars.
Such a regime would also crimp the demand for dollars at a time when confidence in the currency is fragile.
Since sanctions prevent many Russian companies from borrowing abroad to refinance these dollar debts, this creates sustained demand for dollars.
And the exchange rate is kept low because price subsidies inflate peso incomes, increasing the demand for dollars.
Similar(13)
Demand for dollar-traded sugar in emerging markets is falling as economies contract and currencies slide.
Mr Setser points out that over the past few years central banks have consistently acted as a buffer to falling private demand for dollar assets.
"If you look at the demand for dollar assets and U.S. Treasuries, it's hard to say people have a lot of fears about financing the U.S. deficit".
Central banks retain the right to expand the volume of domestic credit to keep pace with the growth of the home economy.Eventually, however, growth in the world's economies translates into a growing demand for dollar assets.
On October 5th it emerged that Venezuela, perhaps for political reasons, had apparently transferred as much as $20 billion—most of its reserves out of Treasuries and out of America.Indirectly, central banks' diversification out of dollars may also be boosting private-sector demand for dollar assets.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com