De-dollarisation: Is the US Dollar at Risk?

About this episode

The episode discusses the implications of de-dollarisation and the potential challenges to the US dollar's dominance in global markets.

The US dollar has long dominated global markets, but is that starting to change and what would it mean for the global economy? Host Mandy Drury speaks with CommBank Senior Economist and Currency Strategist Kristina Clifton about what de-dollarisation really means and why it’s back in focus. From rising geopolitical tensions to renewed pressure on the US Federal Reserve under President Trump, they explore what is driving the debate and how it connects to questions around central bank independence. Kristina explains whether the Fed is likely to maintain its independence and what that means for confidence in the US dollar. She also outlines which currencies could challenge its dominance, and why alternatives like the euro and Chinese yuan face significant hurdles. Plus, CommBank’s Lucinda Jerogin shares the key focuses for markets in the week ahead. Important Information This podcast is approved and distributed by Global Economic & Markets Research (“GEMR”), a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”). Before listening to this podcast, you are advised to read the full GEMR disclaimers…

People in this episode

Host: Mandy Drury

Guest: Kristina Clifton

Topics covered

• de-dollarisation
• global economy
• geopolitical tensions
• central bank independence
• currency dominance
• market analysis

Keywords

• US dollar
• de-dollarisation
• geopolitical tensions
• central bank independence
• currency competition
• euro
• Chinese yuan

Mentioned in this episode

Organizations: CommBank, US Federal Reserve, Commonwealth Bank of Australia, Global Economic & Markets Research

Places: US, euro, Chinese yuan

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