USD Hedge

Over the past few days, senior political leaders, in most parts of West Asia, have been persistently making statements, suggesting the dollar's dominance in the region may fade.

De-dollarization picks up steam: Iraq joins China, Brazil to dump US dollar Over the past few days, senior political leaders, in most parts of West Asia, have been persistently making statements, suggesting the dollar's dominance in the region may fade

We tend to be sceptical of “RIP DOLLAR!!!” chatter, as the US currency enjoys the mother of all network effects. But Stephen Jen’s latest note raises some interesting points.

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China and Brazil have reached a deal to trade in their currencies, the AFP reported, citing the Brazilian government on Wednesday.

De-dollarisation inevitable as other currencies gain traction Zimbabwe's largest daily newspaper

The billionaire global CEO worries about the loss of the greenback's influence which he attributes to the Biden administration's foreign policy.

Elon Musk Is Very Worried About the U.S. Dollar