US dollar dominance will 'erode over time' but there won't be a 'paradigm shift,' Fitch Solutions says
The US dollar's dominance of global trade and investment flows will decline over time - but it will be"a slow erosion" rather than a"paradigm shift" because there still isn't much of an alternative to the greenback, according to Fitch Solutions.
"And in that sense, there's not really an alternative if you think about it," Cedric Chehab, global head of country risk at Fitch Solutions, toldOver time, the dollar's supremacy will face threats from factors such as the continued rise of China's economy, Russia and other countries looking to de-link from the US-led financial sector, and the possibility of central bank digital currencies, according to Chehab.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Leon Levine, founder of Family Dollar stores, dies at 85Leon Levine, the founder of the Family Dollar stores who made essential goods accessible and affordable to millions of Americans, has died at 85. Levine spent his life giving away his fortune, funding scholarships, hospitals, a cancer institute, museums and more – leaving a legacy that extends well beyond his groundbreaking stores. Sunday TODAY’s Willie Geist remembers a life well lived.
Lire la suite »
USD/CHF eyes 0.9000 amid strength in US Dollar infuses by hawkish Fed betsThe USD/CHF pair has resumed its upside journey after a minor correction to near 0.8940 in the early Asian session. The Swiss Franc asset has rebounde
Lire la suite »
US inflation expectations join the forces to support US Dollar Index reboundUS inflation expectations join the forces to support US Dollar Index rebound – by anilpanchal7 Inflation UnitedStates Fed RiskAppetite DollarIndex
Lire la suite »
US Dollar bulls look to trendline resistances from key supportThe US Dollar index, DXY, is flat at the start of the week but it gained 0.57% on Friday to 101.53, after falling to 100.78, the lowest since last Apr
Lire la suite »
USD/CAD Price Analysis: All eyes on the US Dollar as price corrects in bear trendAs per the prior analysis, USD/CAD Price Analysis: Bears in control and eye lower to 1.3320, USD/CAD has remained in the hands of the bears although w
Lire la suite »
Dollar rebounds on higher expectations for Fed hike in MayThe dollar bounced from a one-year low on Monday as resilience in core U.S. retail sales, a rise in short-term inflation expectations and impressive Wall Street bank earnings raised market expectations for an interest rate hike in May.
Lire la suite »