Fisher Investments’ Ken Fisher on What the Dollar Losing Its Place as a Reserve Currency Means

Описание: Fisher Investments’ founder, Executive Chairman and Co-Chief Investment Officer Ken Fisher addresses recent fears that the US dollar’s position as a reserve currency is threatened. While Ken admits the percent of global trade done in dollars has declined since 2000, he says the decline has been modest and partly due to increased trust in the stability of the Euro, which was introduced the year prior.

Ken thinks these fears have re-emerged thanks to media reports of Saudi Arabia pricing some oil contracts in Chinese Yuan, but he points out that Saudi Arabia still has its currency pegged to the dollar because it trusts the stability of the US dollar more over the long-term. Overall, Ken believes the relative emergence of global trade in other major stable currencies—such as the Euro, Yen and eventually even the Yuan—is positive and a byproduct of a growing global economy and increasing faith in a variety of established currencies.

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