RBA Deputy Governor: Dollar’s Safe-Haven Role Persists Even as ‘Exorbitant Privilege’ Faces Pressure
Reserve Bank of Australia Deputy Governor Andrew Hauser told a policy forum in New York that the long-standing benefits the United States gains from the dollar’s global role may be weakening, yet the greenback continued to act as a haven amid recent Middle East tensions. Hauser noted that foreign investors remain sizable purchasers of U.S. assets, …