Video: The de-dollarisation dilemma

Market analysis
Insights

As trade and geopolitical tensions persist and global trade becomes more fragmented, will the U.S. dollar continue to be the global reserve currency of choice?

30 April 2026 | 1 minute read

This video is part of the “Worlds apart: Risks and opportunities as deglobalisation looms” series that is exploring the trend away from globalisation and its ramifications for investors, economies, and financial markets.

The video features Elsa Lignos, Global Head of FX Strategy & Head of EMEA Institutional FX Sales for RBC Capital Markets, and Frédérique Carrier, Co-chair of the Global Portfolio Advisory Committee at RBC Wealth Management, as they break down the complexities of the de-dollarisation phenomenon.

  • The increasing relevance of the Chinese renminbi
  • Whether the greenback’s days in the top spot are numbered
  • The complex factors that support the dollar’s reserve currency status
  • Which currencies could benefit from de-dollarisation, and more

Tagged with


This recording is provided by RBC Wealth Management for informational purposes only. In Canada, RBC Wealth Management is the brand name that refers to RBC Dominion Securities, Inc., and applicable affiliates. In the United States, RBC Wealth Management is a division of RBC Capital Markets, LLC. In the United Kingdom and Channel Islands, RBC's Wealth Management International Division in these jurisdictions is comprised of an international network of RBC companies and includes RBC Europe Limited and RBC Channel Islands Limited. In Asia, RBC Wealth Management is the global brand name to describe the wealth management business of the Royal Bank of Canada and its affiliates and branches, including Royal Bank of Canada Singapore branch, Royal Bank of Canada Hong Kong branch, and RBC Investment Services Asia Limited.

The comments contained in this recording are general in nature, do not have regard to the particular circumstances or needs of any specific person, and do not constitute legal, investment, trust, estate, accounting, or tax advice. They are based on information believed to be accurate and complete, but we cannot guarantee its accuracy or completeness. Unless otherwise qualified, any opinions, estimates, and projections in this recording are those of the speakers as of the release date, are subject to change without notice, and may not reflect those of RBC Wealth Management. This recording may not reflect all available information. The investments or services contained in this recording may not be suitable for you, and it is recommended you consult with your investment advisor if you are in doubt about the suitability of such investments or services. In Canada, to obtain additional disclaimers concerning this recording, please speak with your investment advisor.

Royal Bank of Canada (Channel Islands) Limited (“the Bank”) is regulated by the Jersey Financial Services Commission in the conduct of deposit taking, fund services and investment business in Jersey. The Bank’s general terms and conditions are updated from time to time and can be found at https://www.rbcwealthmanagement.com/en-uk/terms-and-conditions.

Registered office: Gaspé House, 66-72 Esplanade, St. Helier, Jersey JE2 3QT, Channel Islands.

Royal Bank of Canada (Channel Islands) Limited is a participant in the Jersey Bank Depositors Compensation Scheme (the Scheme). The Scheme aims to provide protection for eligible depositors of up to £50,000. For further information about the Scheme and to understand your eligibility, please refer to www.jrdca.org.je/jdcs.

Deposits made with Royal Bank of Canada (Channel Islands) Limited in Jersey are not covered by the UK Financial Services Compensation Scheme.
Investment services offered by the Bank are not covered by an investor compensation scheme as there is currently no such scheme operating in Jersey, however ‘eligible deposits’ held pursuant to investment services may be protected under the Bank Depositors Compensation Scheme described above – for more information see the Bank’s general terms and conditions. Some of the products that the Bank might recommend to you could be registered overseas and may be covered by a local compensation scheme. Your investment counsellor will provide you with the details of any overseas compensation schemes (where applicable) at the time of making an investment recommendation.

Copies of the latest audited accounts are available upon request from the registered office.

® / ™ Trademark(s) of Royal Bank of Canada. Used under licence.


Related articles

Global Insight 2026 Outlook: United Kingdom

Market analysis 6 min read
Global Insight 2026 Outlook: United Kingdom

Global Insight 2026 Outlook: Europe

Market analysis 5 min read
Global Insight 2026 Outlook: Europe

Global Insight 2026 Outlook: United States

6 min read
Global Insight 2026 Outlook: United States