https://timey.org/tags/reserve-currency/ Recent content in Reserve Currency on Timey.org Hugo en-us Fri, 03 Apr 2026 00:00:00 +0000 https://timey.org/dollar-dominance-is-eroding.-treasury-feels-it./ Fri, 03 Apr 2026 00:00:00 +0000 https://timey.org/dollar-dominance-is-eroding.-treasury-feels-it./ The U.S. dollar’s role as the dominant global reserve currency has been structural subsidy for American borrowing costs for decades. Foreign central banks holding dollar reserves concentrate those reserves in Treasury securities — the deepest, most liquid dollar-denominated asset class in existence. That demand is not yield-seeking. It is institutional. And it has kept a floor under Treasury auction participation and a ceiling on the yields the government needs to pay.