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Dollar dominance under threat from Trump

Dollar dominance under threat from Trump

The US dollar’s dominance as the world’s ulitmate safe-haven currency is being “shaken and severely tested,” warns the CEO of global financial advisory giant, deVere Group. Nigel Green says that President Trump’s erratic policy decisions—tariffs, geopolitical clashes, aggressive deportations, and radical interventions with Musk’s Department of Government Efficiency—are accelerating the global shift away from the dollar. Investors are scrambling for alternatives, and the consequences could become permanent. “The dollar has long been the anchor of global finance, but Trump’s actions are eroding confidence at a stunning pace. The world is watching the US turn inward with protectionism, trade wars, and erratic diplomacy. “The market response is already in motion. The dollar has slumped to a four-month low, despite Trump’s rhetoric that tariffs would ‘make America stronger.’ “Instead, the world is