Trump's Tariff Storm A Threat To Dollar's Dominance?

Source: International Business Times

The dollar has slumped since Trump launched his trade war AFP As President Donald Trump's tariffs threaten the US economy, questions are being asked about how long the dollar can maintain its status as the world's key trading and reserve currency. AFP examines the greenback's current situation and outook:The dollar, whose strength is based on the economic and political power of the United States, is traditionally considered a preferred safe haven in times of crisis or conflict. Almost 58 percent of foreign exchange reserves together held by the world's central banks were denominated in dollars as of the final quarter last year, according to the International Monetary Fund.