Video: The de-dollarization dilemma

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?

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July 25, 2023

This video is part of the “Worlds apart: Risks and opportunities as deglobalization looms” series that is exploring the trend away from globalization 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-dollarization phenomenon.

Elsa and Frédérique discuss:

  • 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-dollarization, and more

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 Investment Solutions CI 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.

RBC Wealth Management, a division of RBC Capital Markets, LLC, registered investment adviser and Member NYSE/FINRA/SIPC.


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