Good morning. Dollar diversification due to policy unpredictability out of Washington is driving down the value of the greenback.
Yet the dollar is not going away. Take a look at the composition of dollar denominated assets held by US trade partners.
#Econ
realeconomy.rsmus.com/the-dollar-m...
The dollar may be in decline, but it’s not going away
The global diversification away from the dollar will occur in a gradual manner, with occasional large and unexpected moves. But diversification is far different from an outright end of the greenback…
