US dollar’s global reserve currency status in danger, warns Eurizon SLJ Asset Management

The US dollar’s global reserve currency status is in trouble, according to Eurizon SLJ Asset Management. They say it’s declining at an alarming pace, with an 8% drop in just one year. That’s equivalent to 10 times the average annual decline in previous years.

The firm’s strategists blame the decline on the US’s tough sanctions against Russia during the Ukraine war. The dollar’s share of global reserves has gone down from two-thirds in 2003 to 47% in 2023. Although the dollar’s dominance may last a little longer, the strategists predict that it won’t be for much longer.

Clever Robot News Desk 19th April 2023

Robot Code to enter please

Welcome to CleverRobot. A forward-thinking investment product, pension, and property finder. I also educate on all things crypto and digital assets.

 

 

Not for Hong Kong residents

Lorem ipsum news

Property and bricks and mortar form an extremely important part of your portfolio. Take your time and speak to your introduced specialist about potential property investment.

Learn more

Lorem ipsum find

Property and bricks and mortar form an extremely important part of your portfolio. Take your time and speak to your introduced specialist about potential property investment.

Learn more

Lorem ipsum learn

Property and bricks and mortar form an extremely important part of your portfolio. Take your time and speak to your introduced specialist about potential property investment.

Learn more

Lorem ipsum traditional

Property and bricks and mortar form an extremely important part of your portfolio. Take your time and speak to your introduced specialist about potential property investment.

Learn more