The next global currency shift

Also Interesting

• Interest Rates Under Falling Stars
• Taking shelter from higher yields
• Economic and asset allocation views

A post-dollar world

While the dollar enjoys unipolar dominance, as outlined in "Why the US dollar remains centre stage", the next currency transition may not necessarily result in a ‘winner takes all’ outcome. Our paper, "What is driving de-dollarisation?", looks at the structural and cyclical drivers that could see de-dollarisation gathering pace over the next few years. Given the historical context, and structural and cyclical drivers, how should we expect the next global currency shift to pan out? The investment implications should ultimately be considered in three broad scenarios.