BlockBeats News, August 7th, Goldman Sachs stated that the recent interventions by the United States and Japan to support the yen not only did not weaken the US dollar's status as the world's primary reserve currency, but instead strengthened this position.

Analysts said that Washington's intervention in the Euro/Yen exchange rate and Japan's potential use of the Federal Reserve's FIMA dollar facility highlighted the depth and liquidity of the US financial markets. Goldman Sachs believes that currently, there is no other competitive reserve asset that can match the dollar in terms of global infrastructure, liquidity, and utility during times of financial stress.