
THE GREENBACK SLIDE – NOT ENOUGH FOR A RESERVE RESHUFFLE
March 2021
In this month’s article, we discuss the outlook for the USD in global financial markets, starting with the key drivers for the medium term and the associated investment implications. We discuss the role that the USD plays in global markets, and why its weak outlook has reignited claims it will lose its top currency spot. We finish by considering whether there are reasonable alternatives to the USD as the global reserve currency and if there is any imminent risk of a reserve currency rotation.
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