Dollar will retain dominance ‘for decades’

US policy mistakes could still threaten the greenback’s reserve status in the near term, according to the rating agency The US dollar’s dominance in global trade and finance will persist for decades despite the challenges, as there are no viable alternatives at the moment, according to Moody’s Investor Services rating agency. “We expect a more multipolar currency system to emerge over the next few decades, but it will be led by the greenback because its challengers will struggle to replicate its scale, safety and convertibility in full,” Moody’s analysts wrote in a note last week. According to the rating agency, t

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