Dollar under fire from rival countries and currencies

Although not yet, there are growing concerns about the US dollar’s supremacy in international trade and finance, Market Watch is reporting.

The US dollar’s rapid unwinding of its impressive rally last year, coupled with efforts in Beijing and elsewhere to reduce reliance on the dollar, has rekindled discussions about the potential twilight of the greenback’s dominance.

Discussions surrounding “de-dollarization” have intensified, and even Wall Street analysts have weighed in on the matter by publishing research reports that forecast increased competition for the dollar in trade and global reserves.

"Big question with dollar under fire from rival countries and currencies: What happens to markets if the greenback loses its dominance?"
READ MORE: https://www.marketwatch.com/story/the-u-s-dollar-is-under-fire-from-rival-nations-what-happens-to-markets-if-the-greenback-loses-its-world-dominance-d48ad5e6

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