DLC JP Morgan predicts future of US dollar -

JP Morgan predicts future of US dollar

The report from JP Morgan titled “De-dollarization: Is the U.S. dollar losing its dominance?” suggests that the U.S. dollar’s global reserve status could be at risk due to efforts by the BRICS alliance to use local currencies for trade settlement. The report outlines two scenarios that could erode the U.S. dollar’s dominance: a worsening global financial situation and external factors boosting other countries’ native currencies as alternatives.

If these scenarios were to coincide, it could challenge the U.S. dollar, but JP Morgan believes the chances of both happening simultaneously are slim. The report mentions that the Chinese Yuan is the primary contender to challenge the U.S. dollar’s supremacy but still falls short.

In summary, while the report discusses potential threats to the U.S. dollar’s dominance, it suggests that the U.S. dollar is likely to remain the leading global currency for the foreseeable future.

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