US Dollar Will Lose Status As World’s Reserve Currency, Says S&P Global’s Top Economist

An economist at the world’s largest credit ratings agency says the US dollar’s global reserve currency status is now in the process of fading away. Paul Gruenwald, Standard and Poors Global’s (S&P) chief economist, said at a conference in London that the dollar “doesn’t have quite the pull it used to,” reports Reuters. With “a...