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Why the Dollar’s Decline Matters

Why the Dollar’s Decline Matters

Update: 2025-07-25
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The U.S. dollar has declined by more than 10 percent this year. Is the fall just a normal fluctuation, or is it a sign of something much more worrying? How seriously should we take threats to the dollar’s dominance as the world’s reserve currency? Economist Kenneth Rogoff shares more. Rogoff is a former chief economist of the International Monetary Fund and the author of Our Dollar, Your Problem: An Insider’s View of Seven Turbulent Decades of Global Finance, and the Road Ahead.


Kenneth Rogoff: How Low Can the Dollar Go?


Ravi Agrawal: What the Dollar’s Decline Reveals About America


Foreign Policy magazine’s Summer 2025 Print Issue


Peter Coy: Trump’s Trade Contradictions Come Home to Roost


Keith Johnson: America’s Economic Warfare is Sowing Its Own Demise


Jared Cohen: Don’t Bet Against the Dollar

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Why the Dollar’s Decline Matters

Why the Dollar’s Decline Matters

Foreign Policy