Capital Flows Haven’t Changed: How USD Will Reign Supreme in a Fragmenting Financial World
Chris Penfold Nov 30 2025 For more than a decade, predictions of the US dollar’s decline have circulated with growing confidence. Each new geopolitical shock, sanctions regime, or currency experiment seems to prompt fresh declarations of “de-dollarisation”.Yet the evidence tells a different story. What we’re witnessing today is not a retreat from the dollar. In…
