Foley adds that the "de-dollarization is an issue" and it "will continue," but that there is no "clear alternative" to quickly replace the US dollar.

The US tariff escalations risk accelerating a tectonic shift already underway: de-dollarization. The US dollar has been the world’s reserve currency since the Bretton Woods Agreement of 1944.

Andrew Harrer / Bloomberg / Getty Images The U.S. Dollar Index is on ... China has also been a major advocate for global de-dollarization. Yellen on Monday said China dumping Treasurys and dollars ...

In particular, he sees the runaway debt of both the U.S. and China, along with a breakdown of the global multilateral trade order, leading to a de-dollarization of the global economy, which in ...

Trump has no interest in doing this. For about a decade we heard BRICS+ speak about being an alternative block to the post-World War II world order and “de-dollarization”. It began with Brazil, Russia ...

De-dollarization is gaining momentum right now as countries around the world seek alternatives to the US dollar for international trade. This global currency shift has actually accelerated in recent ...

“possibly anticipating what lies ahead.” China has also been a major advocate for global de-dollarization.

“The market is re-assessing the structural attractiveness of the dollar as the world’s global reserve currency and is undergoing a process of rapid de-dollarization. Nowhere is this more ...

“Despite President Trump’s reversal on tariffs the damage to the USD has been done: the market is re-assessing the structural attractiveness of the dollar as the world’s global reserve currency and is ...