Is Trump’s foreign policy damaging the dollar?
The trend that we're likely seeing now. is the dollar continuing to lose market. share. It takes a long time. Uh the big. move is going to be it was always going. to be by China which needs to have its. own ways of clearing transactions. That's a part of dollar dominance people. don't think about. It's a big deal. I. have come to Davos for 25 years. I have. never seen the Europeans as apoplelectic. about anything as they are about the.
Greenland where they really feel. betrayed and [clears throat] already. long before that uh many Europeans said. you know I don't really like the US. having so much control over us. financially so I think Europe will also. do that so all of this leads to a. situation where the dollar may remain on. top for a long time but it will be King. of a smaller hill.
