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For most of the century, the US dollar has been the dominant currency. But Trump's policies that upended global economic order has threaten to erode the dollar's reserve status with the Euro looking like a potential candidate for the next reserve currency.
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Sources:International status of euro
https://en.wikipedia.org/wiki/International_status_and_usage_of_the_euro
ECB policymakers promoting euro as an alternative
https://www.politico.eu/article/eu-can-attract-those-who-seek-alternatives-to-the-u-s-dollar-lagarde-says/#:~:text=%E2%80%9CIt%20is%20unlikely%20that%20the,chief%20strategist%20at%20BCA%20Research.
Dollar’s confidence crisis
https://www.reuters.com/markets/currencies/deutsche-bank-says-risk-dollar-confidence-crisis-2025-04-03/
https://www.reuters.com/markets/currencies/pimco-says-has-turned-bit-more-cautious-dollar-2025-04-02/
https://www.reuters.com/markets/currencies/dollar-slides-traders-rush-into-safe-havens-after-us-tariffs-2025-04-03/
US-Treasuries sell off
https://www.ft.com/content/0005e091-930d-46ff-9e81-8591704a9282
US stock market drop https://www.sbs.com.au/news/article/how-can-trillions-just-disappear-what-you-may-not-know-about-the-stock-market/2zeoy1a67
EU debt revolution plan
https://www.dw.com/en/eurobonds-eu-plans-debt-revolution-to-finance-defense/a-71881746
German bonds rising
https://www.cnbc.com/2025/04/09/trump-tariffs-german-bonds-rise-as-us-treasury-yields-sell-off.html
https://www.reuters.com/markets/rates-bonds/safe-european-home-scared-money-seeks-german-bunds-mike-dolan-2025-04-10/ https://www.bloomberg.com/news/articles/2025-04-08/the-world-suddenly-has-a-plausible-alternative-to-us-treasuries?embedded-checkout=true
00:00 - Introduction
01:17 - Context
02:45 - Why it Looks Like the Dollar is Losing Reserve Status
04:05 - Can the Euro Replace the Dollar
07:12 - Sponsored Content