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Currencies

Reserve Currencies: There Is an Alternative to the Dollar — It’s the Euro

President Donald Trump’s mission to radically restructure the world economy is catnip to dollar doomsters, but raises few doubts for staunch believers in the currency’s primacy in global finance. All conversations about threats to the greenback’s role as the world’s reserve currency tend toward either imagining a collapse of American financial dominance, or stubborn shouts of TINA — There Is No Alternative. Far more likely is a slow grinding evolution into a world where different countries and currencies hold spheres of influence, a shift from the recent unipolar era. There...