The world is asking what an American promise is worth now. The answer could determine the dollar’s future

Quick Summary:

A top economist and currency scholar said "the dollar’s global role will suffer if the US is perceived as turning its back on its allies".

Alliances are key to currencies, according to Barry Eichengreen, an economics and political science professor at the University of California at Berkeley who has written extensively about the dollar.

In fact, sources told Reuters that some European central banking and supervisory officials are questioning whether the Federal Reserve, an independent agency, can still be trusted to carry out its foundational financial stability role of providing dollars to ease market stress.

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Article Details

Author / Journalist: Jason Ma

Category: EconomyBusiness

Markets: United States

Topics: NATO Tariffs and trade Currency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-30 @ 19:58:19 (2 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 905 words

Reading Time: 6 minutes read

Sentences: 6 lines

Sentence Length: 151 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27450411

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 51 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

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