Here is an item on the US dollar from Bloomberg that may be of interest.
It cites analysts from Credit Agricole and Mizuho
- USD accounts for more than 60% of global reserves
- the most widely used currency for international transactions
- But it risks ceding ground to the euro after European Union leaders agreed on a 750 billion euro stimulus package that enhances the appeal of the shared currency and euro-denominated assets
CA say that the recovery fund will facilitate diversification out of the US dollar
offering liquid, high-rating, euro-denominated debt
I’d not be getting too gung-ho on this, and note that the analysts say ‘risks ceding ground’, they are not writing off the dollar.