De-dollarisation and its impact on commodities and global trade

The shift away from the US dollar in global trade and commodity markets, known as de-dollarisation, is gaining momentum. This trend involves a decrease in the dollar's dominance in international transactions, allowing other currencies to play a more significant role. As a result, commodities such as crude oil, natural gas, and industrial metals may no longer be priced solely in dollars, potentially leading to changes in global trade patterns. This shift could have significant implications for the economy and markets, including potential volatility in commodity prices.

Why it matters

The US dollar has dominated global trade and commodity markets for decades. A shift towards de-dollarisation could impact commodity prices and global trade dynamics.

Market impact

Markets & countries in focus

Transmission channels

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