Trump's Policies May Accelerate De-Dollarization, Economist Suggests

According to Odaily, Jefferies economist Mohit Kumar has indicated in a report that U.S. President Donald Trump's interventionist policies could hasten the process of de-dollarization, potentially undermining the dollar's status as the world's reserve currency. Kumar stated, "Under the new political order, countries will reduce their reliance on the dollar as their reserve currency." He suggests that the best way to mitigate dollar risk is by increasing holdings in gold and major metal assets.