Dollar weakens as de-dollarization gains pace

2 weeks ago

Protectionist trade policies are weakening the US dollar’s position as the world’s dominant reserve currency, while de-dollarisation efforts gather momentum amid growing calls for an alternative global monetary system. The US Dollar Index fell by more than 11 percent in the first six months of the year to 97, marking its worst first-half performance since 1973. The index has dropped 7