Don’t bet on dollar dethronement
If you want to see how entrenched the US currency is in the global system, look at the foreign exchange swap market
Related reading
The frank warning from Switzerland on the dollar
If the US currency continues to slide with cuts in interest rates, countries will be forced to take action
Politics is now driving the dollar
The normal order of what influences the world’s most important reserve currency is breaking down
Central banks are beginning to fret about dollar swap lines
Officials outside the US worry about what will happen when Jay Powell leaves the Fed
How to de-risk from America
There is no precedent of a dominant power abandoning its primacy, as Trump is doing
What’s going on with dollar debt?
‘Swap’ trades by hedge funds have exploded recently
Money Beyond Borders — the making and breaking of global currencies
The US dollar’s future is explored in Barry Eichengreen’s well-informed history on purchasing power in the monetary market