Over the past decade, the U.S. has begun to reconsider its role in the international order. Through tariffs on countries around the world, conflicts in the Middle East, and the weaponization of international payment systems (SWIFT), the U.S. has caused major tensions with allies using the U.S. dollar for trade and holding it as a reserve currency.
This begs the question: If the U.S. dollar takes a hit on the international stage, whose currency stands most to benefit?
