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Could the United States dollar be dethroned?

Why some countries are moving away from U.S. bucks.
The U.S. dollar has been the dominant global currency for nearly a century. But some countries are now looking to diversify away from the greenback.
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Weakening dollar could feature in earnings reports this week

Apr 24, 2023
The dollar has lost value against major currencies since last summer. This means U.S. products are cheaper abroad, but importing is more costly.
The dollar’s value had been falling since the latter part of 2022.
Andy Jacobsohn/AFP via Getty Images

The dollar's value has been slipping over the past few months

Jan 2, 2023
The currency's dip could be due to the prospect of a weakened U.S. economy in 2023.
The value of the dollar has dipped as the economic outlook for the U.S. has soured.
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A weakening dollar is good news for exporters, bad news for importers

Dec 5, 2022
The greenback's strength has made it tough for U.S. businesses to compete overseas.
While some American exporters are already benefiting from the weakening dollar, it's making imports pricier. Above, the Port of Los Angeles on Nov. 16.
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How a stronger dollar weakens economies abroad

Sep 8, 2022
Countries that import commodities priced in U.S. dollars, like oil, are paying a lot more. So are nations that have dollar-denominated loans.
If the value of the dollar climbs against a currency like the Mexican peso, Mexico's debt payments increase.
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Why the U.S. dollar is so strong right now

Aug 29, 2022
The dollar index hit a 20-year high in European trading, the result of the Fed's rate hikes and the relative strength of the U.S. economy.
The dollar is essentially at par with the euro — lower than it’s been since the European common currency was launched.
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The dollar's strong right now. That's a problem for American companies doing business abroad.

Jun 7, 2022
But it's great for Americans who want to buy imports.
A strong U.S. dollar is great for Americans who want to buy foreign products. For American companies that sell products abroad? Not so much.
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For public good, not for profit.

What does a strong dollar mean for the U.S. and world economies?

May 17, 2022
A strong dollar means lower prices for goods from abroad. For countries that import commodities priced in dollars, however, it's bad news.
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Is a deeper dollar slump ahead as vaccine nears?

Nov 23, 2020
Safer currencies beckon global investors as COVID rates keep climbing in the U.S.
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The U.S. dollar's safe haven status may be in question, but it's intact for now

Oct 30, 2020
It's all about trust in a stable U.S. economy.
The dollar is not only the global reserve currency, it's a safe haven in times of uncertainty.
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