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De-Dollarization Trend Predicted to Continue by Rabobank’s Jane Foley
De-Dollarization Trend Predicted to Continue by Rabobank’s Jane Foley
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De-dollarization is gaining traction in global markets as emerging economies seek to distance themselves from the US dollar. The move is fueled by accusations that the White House is weaponizing the currency through sanctions and tariffs, harming developing countries’ economies. The US dollar’s status as a global reserve currency is now under scrutiny, with countries aiming to reduce its dominance. The trend gained momentum after the White House imposed sanctions on Russia in 2022, which were also extended to Iran and Belarus. Rabobank’s Jane Foley believes that de-dollarization will continue.
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