Central bankers see no immediate challenge to the dollar's status as top reserve currency.

From Yahoo Finance: 2025-07-01 12:07:00

Central bankers at a conference in Sintra, Portugal, see no immediate challenge to the dollar’s status as the world’s top reserve currency, despite concerns over Trump’s policies. ECB President Lagarde suggests the euro could become an alternative by 2025, but acknowledges it will take time and effort. Investors are exploring options amid uncertainty. Bank of Japan Governor Ueda notes any significant change depends on structural reforms, like those in Europe or China. Bank of England Governor Bailey believes a shift away from the dollar is distant. Bank of Korea Governor Rhee Chang-yong says discussions about a long-term shift exist but people are still holding onto the dollar. Lagarde mentions the potential for a “global euro moment” with deeper capital markets and legal foundations. The dollar still dominates reserves, but its share is decreasing.



Read more at Yahoo Finance: Challenge to dollar supremacy a long way off, central bankers say