The dollar’s global dominance is starting to slip. This was the tell.

Last week's joint intervention by President Trump and Treasury Secretary Scott Bessent to prop up the yen signaled a potential shift in the dollar's global dominance. Historically, such moves are rare and usually indicate underlying economic issues or a loss of confidence in the dollar. This event underscores a growing trend of countries diversifying their reserves away from the U.S. dollar, which could have significant implications for global trade and finance, marking a notable change in the economic landscape.