Market Watch: The U.S. Dollar's Role as the De Facto Global Reserve Currency is Looking Increasingly Uncertain
Article by Joseph Adinolfi in Market Watch
Volatility that gripped global markets over the past two weeks may be subsiding, at least for now.
But some on Wall Street say that President Donald Trump’s aggressive approach to rolling out his tariff agenda might trigger lasting consequence for U.S. markets. Specifically, the dollar’s status as a reliable “safe haven” has been tarnished, and its role as the de facto global reserve currency has been looking increasingly uncertain.
Signs of growing dissatisfaction with the dollar can be seen in the breakdown of its longstanding correlation with other markets.
Steve Englander, head of global G-10 foreign-exchange research and North America macroeconomic strategy at Standard Chartered, highlighted the pattern, which has emerged since .....