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

Here is the link for more.

Here is an item on the US dollar from Bloomberg that may be of interest.

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.