Risks for the U.S. dollar are mounting, leaving some market analysts determining if the greenback hegemony is coming to an end or merely facing hurdles that the currency will eventually overcome.
For now, the consensus is that the dollar is still king, but multiple threats are forming that could undermine the buck’s dominance in global financial markets and the worldwide economy in the coming years.
Data from the International Monetary Fund’s (IMF) Currency Composition of Official Foreign Exchange Reserves (COFER) show that the U.S. dollar is still the preferred currency for countries across the globe, but others are increasing their presence in international reserves.
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