They're somewhat unrelated, because while there's more dollars, the domestic demand for those dollars is also higher now, for lots of reasons. Inflation, the high amount of American debt (which must be paid in dollars), the looming threat of a recession, which entices Americans to save (and they'd prefer to save in dollars and not some other currency).
It says a lot more about the preferences of Americans that it does about any of the other countries.
It says a lot more about the preferences of Americans that it does about any of the other countries.