For nearly a century, the US dollar has been viewed as the financial world’s ultimate safe haven. But after 200 days of chaos under US President Donald Trump, the value of the dollar has declined, and global investors and central banks have begun to look for alternatives in other markets.

SANTA BARBARA – For nearly a century, the US dollar has been viewed as the financial world’s ultimate safe haven. No other currency has promised the same degree of security and liquidity for accumulated wealth. In past times of trouble, skittish investors and prudent central banks have all piled into dollar-denominated assets, not least US Treasury bonds. This may no longer be the case.