You must log in or register to comment.
The reason the world is using the USD is that the US used to provide safety to most of the global economy. With Trump it looks much less certain. Europe has the Euro already and is doing a lot of trade in that. With Trump trying to force Ukraine to surrender Europe is bound to try to make deals in Euros rather then USD. Countries around the world look at this historic shift and reconsider the relative safety of dealing in USD and will try to diversify. China is already trying to make deals in RMB as much as possible. With the USD being less reliable RMB is a good diversification option, as is obviously the Euro.
That is not to mention oil, which is almost exclusively traded in USD. With EVs becoming more popular around the world, many countries will buy less of that. That obviously hurts the USD. Also we saw Euro stock markets outperform the US since Trump got elected and it is getting better. Looks like European investors onshore their money.
Funny how reality can make a storied outlet like the economist seem like it is full of shit
upvoted tfa because peeps need to see your comment. thanks for the comment I wish I could have have made.
The rest of the world is moving on without the US…
