US Dollar Reserve Power Erodes, Expert Cites Trump’s Policies as Key Factor
U.S. President Donald Trump’s policies are accelerating the global shift away from the U.S. dollar, according to Nigel Green, CEO of Devere Group.
Trump’s protectionist trade policies, diplomatic conflicts, and economic interventions are eroding confidence in the dollar, driving countries like China and Russia to expand the use of their own currencies in trade. As a result, the dollar has dropped to a four-month low, while the euro gains traction as a reserve currency. Green warns that Trump’s actions are destabilizing global markets, raising borrowing costs, and increasing inflation, while investors move capital into safer currencies like the euro, Swiss franc, and yen.
Clever Robot News Desk 9th March 2025
