| FX markets 2025: US bull in the China shop |
| By Mark Sobel |
| Continued dollar strength and associated pressures on global finance may be the hallmark of 2025 foreign exchange markets, especially the first half of the year, notwithstanding the dollar’s large ‘overvaluation’ and massive current account deficit. Read the full commentary → |
Which currencies will benefit from dollar erosion?
By Gary Smith
According to some forecasts, the dollar will surrender 10% of its share of global foreign exchange reserves over the next 10 years. If that happens, 10 different currencies will benefit.
MEETINGS
Expectations for the future of US-China economic relations
Tuesday 25 February, Roundtable, New York
This roundtable examines US-China relations under President Donald Trump’s new administration as well as policy responses, currency trends and the macroeconomic impact of tariffs for both economies.
ON DEMAND
From petrodollar to petroyuan
Mark Sobel, US chair, OMFIF, speaks with Max Castelli, head of strategy, sovereign institutions at UBS Asset Management, on the role of the dollar and the various dedollarisation scenarios. They discuss Saudi Arabia’s decision to join Project mBridge and the potential implications for the dollar-based financial system.
LATEST REPORT
Promoting European integration through digital innovation
OMFIF’s Future of payments forum brought together representatives from central banks, scheme operators, regulators, commercial banks and technology providers to unpack the progress and challenges in upgrading the payments infrastructure within Europe.
