Dollar Dominance

Dollar Dominance

The global financial system continues to evolve. Although the US dollar remains the dominant reserve and trade currency, its relative share is gradually shifting as new players, technologies, and cross-border payment systems gain prominence. In order for the dollar to remain dominant, the United States should continue to balance innovation with stability.

Dollar Dominance Monitor

This monitor analyzes the strength of the dollar relative to other major currencies. The project presents interactive indicators to track BRICS and China’s progress in developing an alternative financial infrastructure.

Programs

At the intersection of economics, finance, and foreign policy, the GeoEconomics Center is a translation hub with the goal of helping shape a better global economic future.

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Content

Econographics

May 20, 2026

The global push for local-currency cross-border payments is intensifying

By Hung Tran

More than one hundred countries now operate instant payment systems, and growing efforts to link them are reshaping how cross-border transactions get settled in local currencies.

Digital Currencies Dollar Dominance

Dispatches

May 1, 2026

Jerome Powell’s legacy of achievements, turbulence, and independence under fire

By Hung Tran

Both Powell’s major achievements and his shortcomings can serve as lessons for future Federal Reserve chairs.

Dollar Dominance Economy & Business

Econographics

Mar 10, 2026

The renminbi is winning over Africa—but can it rival the dollar?

By Lize de Kruijf

In recent years, African governments have taken steps to reduce reliance on the dollar, but progress on their regional payment system has been slow—and in the meantime, China’s renminbi is quietly making inroads across Africa’s trade and finance networks.

Africa China

Econographics

Feb 10, 2026

China’s warning on US Treasuries—and why its timing matters

By Jeremy Mark, Josh Lipsky

Beijing has joined the conversation on the dollar. It was leaked this week that Chinese regulators have been urging domestic financial institutions to cut back on US Treasuries, and this timing is no coincidence.

China Dollar Dominance

Podcast

Feb 10, 2026

Is a dollar vibe shift under way?

By the GeoEconomics Center

This episode breaks down how the greenback impacts trade, investment, national security, and the average consumer, as we try to answer the question: is the dollar having a vibe shift?

Dollar Dominance Economy & Business

Econographics

Feb 6, 2026

Iran can still normalize its economy—but the path will be painful and slow

By Bart Piasecki

Iran’s inflation crisis is driven by persistent exchange‑rate instability, entrenched fiscal dominance, and international sanctions. Despite these structural challenges, there remains a clear—but difficult—path toward economic normalization.

Dollar Dominance Economy & Business

Econographics

Feb 4, 2026

What the data shows—and doesn’t show—about the future of the dollar

By Hung Tran

Is there genuine demand to “sell America,” or does the recent dollar weakness fall within historical fluctuations? More data will be needed to answer that question.

Dollar Dominance Economy & Business

Econographics

Feb 4, 2026

Understanding the vibe shift on the dollar

By Daniel McDowell, Bart Piasecki, Jessie Yin

Gold prices surged to record highs last week, driven by trade tensions, tariffs, and dollar uncertainty. For some, the rally signals rising skepticism about the greenback’s stability—even as policymakers insist the US remains committed to a strong dollar.

Dollar Dominance Economy & Business

Inflection Points

Jan 30, 2026

Markets and allies aren’t ‘selling’ America. They’re ‘hedging’ it.

By Frederick Kempe

The US dollar’s recent slide is not due to global investors abandoning the United States, but the trend does reveal an erosion of trust.

Dollar Dominance Economy & Business

Fast Thinking

Jan 12, 2026

How will the Trump-Powell clash shake the global economy? 

By Josh Lipsky

The US Justice Department is undertaking a criminal investigation into Federal Reserve Chair Jerome Powell. Our chair of international economics explains how this could impact US and global markets.

Dollar Dominance Economy & Business
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Experts

Fellow

Eric Fine

Nonresident Senior Fellow, MENA Futures Lab

Rafik Hariri Center for the Middle East

Dollar Dominance Economy & Business