Dollar Dominance Could Give Way to ‘Tripolar’ System With Yuan and Euro


Source: markets.businessinsider.com markets.businessinsider.com

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The dollar's status isn't under threat anytime soon, but the yuan and euro look most likely to cut into its lead. A "tripolar" reserve currency system is plausible, economist Stephen Jen told Insider. The greenback saw a dramatic erosion as a global reserve currency in 2022, but it's still dominant in international trade. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email...