"Italy raised $7 billion on Wednesday with its first U.S. dollar bond in nearly a decade, a move that helps to diversify funding sources for the world’s third-biggest public debtor."https://www.reuters.com/article/us-italy-bonds/italy-raises-7-billion-with-first-u-s-dollar-bond-since-2010-idUSKBN1WO2A8 …
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"Says will issue more U.S. global dollar bonds in 2020 (Adds dates of new BTP Italia bond)" https://www.cnbc.com/2019/10/10/reuters-america-update-1-italy-plans-to-issue-more-foreign-currency-bonds-next-year.html …
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This shows that no one wants euros anymore, but this will create long-term problems for Italy as the dollar continues to rise against other world currencies. Will be harder for Italians to pay back the debt in dollars because the debt will grow in terms of euros.
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And this will, of course, increase the demand for more dollars in the future, driving the value of the dollar even higher.
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