U.S. dollar downslide: Are we at a tipping point?

U.S. dollar downslide: Are we at a tipping point?

From Scotiabank Market Points by Scotiabank Global Banking and Markets

June 6, 2025 · 21 min

About this episode

The episode discusses the recent decline of the U.S. dollar and its implications for Canadian investors.

After years of dominance, the U.S. dollar is showing signs of a long-term reversal. In this episode of Market Points, Shaun Osborne, Managing Director and Chief Currency Strategist, is joined by Eric Theoret, FX Strategist, to unpack what’s driving the recent weakness in the greenback. They explore structural and cyclical pressures including fiscal and trade policy uncertainty, and the growing chatter around de-dollarization. With implications for Canadian investors and the potential for a stronger loonie even in turbulent markets, the conversation offers essential context on where the dollar may be headed.

People in this episode

Host: Shaun Osborne

Guest: Eric Theoret

Topics covered

  • U.S. dollar
  • currency strategy
  • de-dollarization
  • Canadian investors
  • fiscal policy
  • trade policy

Keywords

  • U.S. dollar
  • currency weakness
  • de-dollarization
  • Canadian dollar
  • fiscal policy
  • trade policy
  • currency strategy

Mentioned in this episode

Organizations: Scotiabank

Places: U.S., Canada, greenback, loonie

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