Is the world losing faith in the almighty US dollar?

Q: How long will it take to read this news story?

The story "Is the world losing faith in the almighty US dollar?" has 2325 words across 15 sentences, which will take approximately 10 - 20 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Is the world losing faith in the almighty US dollar?" was covered 3 days ago by Financial Times, a news publisher based in United States.

Q: How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news. The outlet is headquartered in United States and publishes an average of 6 news stories per day. It's most recent story was published 9 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #27959179</li><li>URL: https://citrocola.beamstart.com/news/is-the-world-losing-faith-17448625025182</li></ul>

Financial Times 3d ago

Is the world losing faith in the almighty US dollar? - Financial Times

Quick Summary:

Moreover, the dollar’s dominance is so thoroughly embedded into the fabric of the global economy, thanks to a complex multitude of independent but interlocking factors, that even the Trump administration is unlikely to be able to fundamentally alter the status quo.

What became known as the “Nixon shock” marked the end of one financial era and the beginning of a new one. The global monetary framework thrashed out at the Mount Washington Hotel in New Hampshire’s Bretton Woods in 1944 — with the gold-backed US dollar as the Sun around which every other currency circled — was dead.

This means that a gradual investor exodus may be inevitable even if the Trump administration continues to back down from the bellicose positions staked out in its first three months.“Our real concern is that while Trump may be able to cut a few tariff deals, when the issue is a broader loss of confidence in the United States, even a much fuller retreat on trade might not work,” argues Sarah Bianchi, a senior analyst at Evercore ISI, a US investment bank.