Loss of U.S. dollar dominance would be a 'slow erosion,' not a 'paradigm shift': Fitch Solutions
Cedric Chehab of Fitch Solutions says it will take a long time for any single currency to replace the dollar as the world's primary currency.
Chehab said on CNBC's Worldwide Exchange that "there are many things that need to be right" for this to happen. The first thing is to make a strong economic argument for why the other currency should be more dominant than the dollar. Cedric Chehab, of Fitch Solutions, says that it will be a long time before any currency can "usurp " the dollar. Chehab said on CNBC's Worldwide Exchange that "there are many things that need to be right" for this to happen. "The first thing is to make a strong economic argument for why you think this other currency should be more dominant than the dollar."