Deep Dive: US dollar is not 'dead' but cracks raise concerns

Losing its supremacy

Some investors' trust in the US dollar remains unshakeable, but worries over its standing are rising as US President Donald Trump's trade policies continue to add strain to Washington's relations with other countries.

The US Dollar index has weakened by over 8.5% since the beginning of the year, standing at 99.2 on Wednesday (4 June), according to data from MarketWatch. Earlier this week, Bank of England governor Andrew Bailey said at a Treasury Select Committee hearing that non-US investors are currently reassessing the amount of US risk they want to take amid the recent selloff in Treasuries which have hiked yields and a fall in the greenback's value. But Bailey said the dollar maintains an embedded presence in world markets and added: "If you think about the role that US Treasuries perform ...