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Showing posts with the label reserve currency

IMF: The Currency No One Saw Coming Is Now Taking Over Global Reserves

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The Donald Trump era has prioritized strict tariff regimens on countries that wish to trade with the US dollar. This new narrative has sparked fears of de-dollarization, impending trade wars, and retaliatory tariffs, which have directly taken a toll on the US dollar’s prestige. The Trump regime, with its harsh trade policies, has led the dollar down and has sparked fresh de-dollarization drives, with global sentiment favoring USD alternatives. In this wake, recent IMF data has revealed staggering details, adding how the global reserve share of the USD has declined consistently. Furthermore, another striking Analysis reveals a new currency taking over the global reserve attention, and no, it’s not the Chinese Yuan or the Euro. Also Read: Russia Says Joe Biden is Responsible For the US Dollar’s Decline IMF Data Reveals New Global Reserve Competitor Source: Study In Switzerland As per the IMF’s Currency Composition of Official Foreign Exchange Reserves, the Swiss franc’s global rese...

Goldman Sachs: U.S. Dollar Has Much Further to Fall

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Goldman Sachs’ predictions about the U.S. dollar fall are pointing to a continuing downward trajectory as the greenback tumbles in global markets. The dollar has already plummeted over 8% this year against major currencies, with April alone seeing a 4.5% drop – the steepest monthly decline since late 2022. This dramatic fall has, at the time of writing, sparked serious concerns about a potential dollar crisis in 2025 and also raised questions about whether foreign investors will continue abandoning U.S. assets amid the ongoing U.S. economic slowdown. Goldman Sachs chief economist Jan Hatzius stated: “With all due humility, I believe that the recent dollar depreciation of 5% on a broad trade-weighted basis has considerably further to go.” Also Read: Treasury Secretary Bessent Says “India Might Be One of First Trade Deals We’ll Sign” Why U.S. Dollar Forecast 2025 Warns Of Crisis And Foreign Sell-Off Source: Getty Images The U.S. dollar’s declining trend according t...