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twoodfin
on Feb 11, 2015
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While products that can only be purchased with dollars are in demand there will always be commensurate demand for those dollars.
Demand for iPhones supports the dollar in the same way, though in a less directly obvious manner.
bdcs
on Feb 11, 2015
[–]
I understand that products and services sold by US companies boost USD (vis-a-vis buying iPhones in your example), but why would, say, a Brit buying a Xiaomi phone using USD boost the USD? The USD holding time would be rather short, I would imagine.
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Demand for iPhones supports the dollar in the same way, though in a less directly obvious manner.