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Dollar's Global Influence Declining

Updated 2026-08-06 16:40 UTC 1 source Neutral

President Trump and Treasury Secretary Scott Bessent defended last week’s intervention to support the yen, citing it as a friendly gesture towards an ally. The dollar’s global dominance is reportedly slipping.

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MarketWatch

The dollar’s global dominance is starting to slip. This was the tell.

President Donald Trump and Treasury Secretary Scott Bessent chalked up last week’s historic joint intervention to support the yen as a friendly gesture in support of an ally.

2026-08-06 16:27 UTC