According to a recent report by Alpine Macro, the US dollar’s position as the premier global currency is nearly untouchable. The analysis shows that the dollar has maintained a dominant position despite the rise of other currencies like the euro and the yuan. The report points to the dollar’s key role in global trade and finance, as well as its backing by the world’s largest and most liquid financial markets.
The report also highlights the resilience of the dollar during times of economic uncertainty and market volatility. The pandemic has further solidified the dollar’s status as a safe haven currency, with investors flocking to US assets in times of crisis. The report suggests that attempts to challenge the dollar’s dominance, such as by promoting alternative currencies or systems, are likely to face significant hurdles given the entrenched position of the dollar in global markets.
Overall, the report paints a picture of a US dollar that is entrenched as the world’s leading currency, with a position that is unlikely to be easily shaken. While there may be ongoing efforts to promote alternative currencies, the Alpine Macro analysis suggests that the dollar’s status as the top global currency is almost unchallengeable. The report underscores the dollar’s importance in the global economy and the challenges faced by any potential rivals seeking to dethrone it.
