End of King Dollar: The Trend Is Not The Dollar's Friend
Countries like China and Brazil are no using the US dollar solely as a way to trade. Instead, they are using their own currencies. Even small economies like Kenya are joining the trend of moving away from the dollar. This is causing a global sea change. In this RTD Quick Take, I talk about three of the biggest trends and why they are bad for the dollar's long-term role as the reserve currency.
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#KingDollar #de-dollarization #globalcurrency #multicurrencysystem #economy #finance #globaltrade #currencywars #reservecurrency #USD #China #Brazil #Russia #Kenya #Dubai #SaudiArabia
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