The US dollar has weakened by 13 per cent against a basket of major currencies since its peak in March. Photo: Shutterstock The US dollar has weakened by 13 per cent against a basket of major currencies since its peak in March. Photo: Shutterstock
The US dollar has weakened by 13 per cent against a basket of major currencies since its peak in March. Photo: Shutterstock
Currencies

Will the US dollar’s slide erode its status as the world’s currency of choice?

  • In October, the US dollar lost its crown as the world’s most used global payments currency, slipping behind the euro for the first time since August 2013
  • Its share in global currency reserves is still dominant, but geopolitics and near-zero US interest rates have countries and investors looking for alternatives

Topic |   Currencies
The US dollar has weakened by 13 per cent against a basket of major currencies since its peak in March. Photo: Shutterstock The US dollar has weakened by 13 per cent against a basket of major currencies since its peak in March. Photo: Shutterstock
The US dollar has weakened by 13 per cent against a basket of major currencies since its peak in March. Photo: Shutterstock
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