De-Dollarization Will Continue, Says Rabobank's Jane Foley
De-dollarization is the most spoken word in the global markets as emerging economies want to cut ties with the US dollar. The world is looking to strengthen local currencies and dim the lights on the USD as the White House is accused of weaponizing the currency. From sanctions to tariffs, developing countries are bearing the brunt of the US policies that only harm their native economies. Also Read: De-Dollarization: J.P.Morgan Predicts the US Dollar’s Future in 2025 The US dollar’s global reserve currency status is now under question as developing countries aim to topple the USD’s dominance. The paradigm shift against America grew after the White House imposed sanctions on Russia in 2022. The sanctions were also extended to Iran and Belarus, among other countries, and in return strengthened the de-dollarization agenda. Also Read: Alphabet (GOOGL) Stock Slides Following UK Lawsuit Rabobank: De-Dollarization Trend Is Here To Stay & Will Continue Source: iStock Rabobank’s...