The world is asking what an American promise is worth now. The answer could determine the dollar’s future
The shock waves that President Donald Trump has sent to American allies and trading partners have also raised questions about U.S. assets, including the dollar. While the greenback isn’t expected to lose its status as the world’s dominant currency anytime soon, fresh doubts are creeping in as the world weighs how reliable the U.S. will be in future. The world is having trust issues with America, and they could spill over to financial markets, including the almighty dollar. For now, the dollar remains the dominant currency in global reserves and...