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Is the Dollar’s Reign Coming to an End?

USD slides to two-year low amid U.S. policy turmoil as the euro soars 13.8% and other currencies rally.

Watan-The U.S. dollar has begun to lose the luster that has long defined it as the dominant global currency, sliding to its weakest level in two years amid mounting political and economic tensions within the United States. In contrast, the euro has seen an unprecedented jump of about 13.8% over just six months—its strongest performance in modern history.

These shifts come amid turbulence in U.S. fiscal policy, including new spending proposals, trade frictions, and political uncertainty hanging over the White House. All of this has prompted markets to rethink their confidence, and investors are seeking more stable havens.

The Japanese yen has risen by 9%, and the British pound has held its ground, while several previously overlooked currencies have begun to emerge—a sign that a broader transformation in the global monetary system may be underway.

The burning question now is: Are we witnessing the beginning of the end for dollar hegemony? And is the world truly ready for a multipolar economy?

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