Most-competitive, innovative, and productive countries will dump the U.S. dollar, DoubleLine warns

The U.S. dollar is headed down a path of resistance as world investors may begin to hedge their bets against the once king currency — in theory shorting it or dumping it altogether.

Withal, regional partnership are being assembled which also my down the U.S. dollar.

dollar bill
Kurtis Garbutt/Flickr

“As the global-trade-and-payment systems move away from a single-currency standard, the U.S. dollar, to a bilateral exchange framework, countries that are most productive, most innovative, or offer the most competitive goods and services will see their currencies in greater demand,” Bill Campbell wrote in a January 2021 piece for the publication DoubleLine. “This change is coming, and we should be ready for the change when it comes.”

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Author: Staff Writer