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US Dollar Weakness Accelerates as Global Reserve Diversification Intensifies
US Dollar Weakness Accelerates as Global Reserve Diversification Intensifies
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The DXY index plunged to 99 this week, marking the greenback’s worst quarterly performance against major currencies since 2020. Eight of nine G10 currencies have gained ground against the USD since April, despite coordinated Fed interventions. ’This isn’t typical cyclical weakness - we’re witnessing structural de-dollarization,’ warns Convera’s George Vessey.
Geopolitical tensions under the TRUMP administration have triggered unprecedented reserve diversification. Central banks are accelerating gold purchases while reducing exposure to US Treasuries, with total offloaded dollar assets exceeding $200 billion year-to-date. The $36.2 trillion US debt overhang looms as a persistent threat to dollar hegemony.
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