There's Been a Lot of Talk About the Dollar Losing Dominance -- Here's How Investors Should Take It
Over the years, there's been speculation about whether the U.S. dollar is losing some of its global dominance. The chatter became louder after Brazil's President Luiz Inácio Lula da Silva said, "Every night I ask myself why all countries have to base their trade on the dollar," in a speech during an April visit to China.
Is talk of the dollar losing its dominance overblown? In my opinion, without a doubt, it is. But let's dive deeper and unpack what investors should take from the chatter.
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