Dollar's Reserve Status at Risk Due to Alliance Shifts

Catherine Mann, a Bank of England policymaker, warns that the U.S. dollars dominance as the worlds reserve currency could be threatened if the U.S. reduces support for allies. She compares this to the decline of the British pound, which lost its reserve status due to diplomatic reasons. Mann suggests that a similar shift could lead to the euro gaining more dominance, but this isnt guaranteed.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.