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Don’t count the US dollar out just yet
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Global investors simply can’t abandon the dollar because the US political and economic systems retain enormous strength.
PHOTO: REUTERS
Jeff Sommer
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Reports of the dollar’s demise are greatly exaggerated. It’s true that the greenback has lost some value in 2025, and that the Trump tariff shock has a lot to do with it.
And I can’t deny that when you measure the dollar using common comparisons, it has fallen sharply: almost 9 per cent this year against the euro. The US Dollar Index, a widely followed metric that compares the dollar with six currencies, has fallen almost 8 per cent.
