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Mark Sobel said the U.S. may be compromising the core elements that support dollar dominance, while also noting that Europe faces similar issues with the euro. He added that a major surge in the euro should not be expected and suggested the analysis may remain relevant for the next decade.
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Sobel has previously discussed the challenges facing major financial institutions, outlining concerns at the IMF and World Bank Annual Meetings in Bangkok. He has also commented on China's trade dynamics, noting a recent PBOC paper on RMB undervaluation and China’s surpluses. These topics contribute to ongoing debates over currency stability.