De-dollarization and global reserves dominance, explained by a top currency economist and the inventor of the 'dollar smile' theory

Tech Insider

Happy Saturday, readers. I'm Phil Rosen. Let's talk about the dollar's role on the world stage — and see what one of the leading currency economists has to say about it.

Dollar dominance could give way to a 'tripolar' currency system as China's yuan and the euro rise on the world stage

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Dollar euro yuan dominance currency

Priscila Zambotto/Getty Images

The dollar falls behind the yuan for the first time in Chinese cross-border transactions

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Dollar vs. Yuan

AlexSava/Getty Images

The dollar's dominance would face a threat unlike any other from a BRICS currency, former White House economist says

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BRICS countries leaders Xi Jinping, Vladimir Putin, Jair Bolsonaro, Narendra Modi, and Cyril Ramaphosa
Chinese President Xi Jinping, Russian President Vladimir Putin, then-Brazilian President Jair Bolsonaro, Indian Prime Minister Narendra Modi, and South African President Cyril Ramaphosa in 2019.

Sputnik/Alexey Nikolsky/Kremlin via Reuters

Central banks are leading a revolt against the US dollar and shifting to gold at a record pace, market expert says

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Gold bars stacked together.
These are the best gold IRAs of 2023.

Filograph/Getty Images

The US dollar's outlook is complicated. Here's what to know about the currency's standing on the world stage.

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Good morning to everyone, especially to basketball fans on the east coast. I'm Phil Rosen — it's hard to keep up with the NBA playoffs here in New York with games running past midnight every night this week. 

For readers who, like myself, sit in the center of the Venn diagram between sports fandom and financial news, here's Insider's handy guide on how to stream every NBA game online. 

The dollar's dominance as a reserve currency eroded last year at 10 times the pace seen in the past 2 decades

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dollar
dollar

SOPA images

China will become the global economy's biggest growth driver in the next 5 years, doubling the US contribution, IMF says

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xi jinping china
Chinese President Xi Jinping.

Jason Lee/Reuters

Russia's economy is hurting - and a new wave of EU sanctions aimed at crippling its 'war machine' are coming. Here are 6 key developments in the past week.

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Russian President Vladimir Putin in Moscow, Russia on March 30, 2023.
Russian President Vladimir Putin.

Gavriil Grigorov/Sputnik, Kremlin Pool Photo via AP

How the Fed is reshaping the labor market and why the nature of work is shifting, according to LinkedIn’s principal economist

Tech Insider

Good morning. I'm Phil Rosen. Today's newsletter may not include a job offer, but it will give you a better grasp of what to look for in this still-hot labor market.

I'm excited to share this week's conversation with one of the leading experts on jobs and hiring trends.

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