Part 8/10:
Ongoing trade disputes, especially between the US and China, add uncertainty to the outlook. Recent accusations of trade violations threaten to derail negotiations and could intensify market volatility. A breakdown in trade talks would likely pressure US assets further and accelerate the dollar's decline.
The broader question is whether the dollar's dominance as the world's primary reserve currency can withstand these pressures. Longer-term concerns about US policy stability, mounting debt, and diversification away from dollar assets are prompting a reassessment of the currency's global role.