US dollar's 14-year run hits 'immovable' Trump - structural shift underway

US dollar's 14-year run hits 'immovable' Trump - structural shift underway

Sahil Mahtani explores the Dollar’s potential decline, Trump-era shocks, and global investment shifts in a pivotal forecast.
Published on

Ninety One, managing £130.8bn, released a white paper, “The Unstoppable Dollar Meets the Immovable Mr Trump,” predicting the end of a 14-year US dollar upcycle. Sahil Mahtani, Head of Macro Research, told BizNews the dollar faces an inflection point driven by geopolitics, interest rates, investment trends, and currency interventions. He forecasts a potential 25% decline, signalling a multi-year bear market with implications for asset allocation. Mahtani notes investors are diversifying from US equities, potentially boosting non-US assets in emerging markets and Europe. He says the Chinese renminbi’s global reserve status hinges on China easing capital controls.

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.

Support South Africa’s bastion of independent journalism, offering balanced insights on investments, business, and the political economy, by joining BizNews Premium. Register here.

If you prefer WhatsApp for updates, sign up to the BizNews channel here.

The auditorium doors will open for BNIC#2 on 10 September 2025 in Hermanus. For more information and tickets, click here.

Watch here

Listen here

Loading content, please wait...

Related Stories

No stories found.
BizNews
www.biznews.com