The dollar losing its reserve currency status is dubious, but ‘we keep chipping away at its impenetrable armor’ says BlackRock bond chief

BlackRock’s bond chief says its “dubious” if the US dollar will lose its status as the world’s reserve currency. Steve Marcus/Reuters A US debt default could have an impact on the US dollar, BlackRock’s bond chief told Semafor. International investors are starting to diversify away from the USD with the euros and CNY, he said. But it’s dubious that the USD will lose its reserve currency status, even as other assets chip away at its dominance. A top executive at the world’s biggest asset manager has warned that a US debt default could also nick the dollar’s clout as the…