S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketUBS’s Paul Donovan comments on the current state of the Dollar, noting that while it remains weaker, it has not significantly declined further. He suggests that the Dollar is losing market share, which indicates a slide into mediocrity rather than a dramatic decline. The report emphasizes that the reserve currency status may become less important as trade stagnates.
Dollar losing market share
“Reserve currency status may be less important. The dollar is losing market share. That suggests a slide into mediocrity, not dramatic decline.”
“The US dollar has remained weaker, but has not declined significantly further. The dollar is not likely to lose reserve status overnight.”
“However, the decline of the US internationally and international investors’ questions over key issues like rule of law mean it is losing market share.”
