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The future of the U.S. dollar

Learn about the gradual permanent shift in the status and rivals of the U.S. dollar.

Luc de la Durantaye, Éric Morin and Michael Sager Jan. 19, 2024 12-minute read

The U.S. dollar is widely recognized as the pre-eminent global reserve currency. This status quo has persisted for an unprecedented eight decades.

A gradual but permanent shift in the status of the dollar is underway. Evidence suggests the embryonic emergence of a multi-currency reserve system. Credible long-term rivals to the dollar include the euro, renminbi and gold.

This long-term trend has important implications for every investor with global investments, including in equities, bonds, and alternatives.

Read The future of the U.S. dollar: Dominant currency or one of many? (PDF, 1.1 MB) Opens in a new window.

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Written by

Luc de la Durantaye, CFA
Chief Investment Strategist and CIO, MD, Multi-Asset and Currency Management

Éric Morin

Senior Analyst, Multi-Asset & Currency Management

Michael Sager, Ph.D.

Managing Director and CIO,
Multi-Asset & Currency Management
CIBC Asset Management

The future of the U.S. dollar

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