US Dollar Decline Triggered by Loss of Confidence in US Trade and Fiscal Policies, Says Private Banking Giant
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最新报道：The US dollar's decline is driven by eroding confidence in US trade and fiscal policies, according to a vice president at a major private banking firm. He notes that while the dollar remains dominant, its share in global reserves has dropped from 70% to 58% over two decades. Emerging markets are increasingly diversifying away from the dollar, with BRICS nations promoting local currency trade. The banker warns that unchecked US debt growth and political instability could accelerate de-dollarization, though no single currency is poised to replace the dollar yet. He suggests gold and cryptocurrencies may benefit as alternatives in this shifting financial landscape.
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