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    A post-dollar world is coming

    Author: Editors Desk Source: Nicki Swift
    August 28, 2022 at 22:17
    Since the 1970s, the typical upswing in a dollar cycle has lasted about seven years; the current upswing is in its 11th year © Luis Robayo/AFP/Getty Images
    Since the 1970s, the typical upswing in a dollar cycle has lasted about seven years; the current upswing is in its 11th year © Luis Robayo/AFP/Getty Images
    The currency may look strong but its weaknesses are mounting
    The writer is chair of Rockefeller International

    This month, as the dollar surged to levels last seen nearly 20 years ago, analysts invoked the old Tina (there is no alternative) argument to predict more gains ahead for the mighty greenback.

    What happened two decades ago suggests the dollar is closer to peaking than rallying further. Even as US stocks fell in the dotcom bust, the dollar continued rising, before entering a decline that started in 2002 and lasted six years. A similar turning point may be near. And this time, the US currency’s decline could last even longer.

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    Keywords
    United States

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