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Massimiliano Castelli

A worker counts US dollar banknotes at a money exchange outlet in New Delhi on July 31, 2025. On July 30, two days before the deadline for the reintroduction of Trump's so-called "reciprocal tariffs", the US president announced that Indian shipments to the United States would be hit with a 25 percent tariff. (Photo by Arun SANKAR / AFP)

The US dollar endures, but for how long?

The dollar is and will remain for the foreseeable future the main store of value for global investors. Geopolitical tensions favour the greenback as investors search for a haven and further escalations do not necessarily point to an imminent weakening of its dominant position.

The greenback remains dominant

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