E304 - The Dollar Is in 89% of FX Trades. So Why Is BRICS Moving Away From It?
Published: September 22, 2026
Duration: 9:50
The U.S. dollar remains the dominant currency in global foreign-exchange markets.
So why does de-dollarization continue to attract so much attention?
In Episode 306 of The Secret War on Cash, Dean Heskin and Chris Agelastos of Swiss America Trading examine China’s upcoming role as BRICS chair in 2027 and what it could mean for efforts to increase local-currency trade among member countries.
The conversation then turns to a headline declaring that the U.S. dollar accounts for approximately 89% of the global forex market.
That statistic sounds overwhelming, but there is an important te...
So why does de-dollarization continue to attract so much attention?
In Episode 306 of The Secret War on Cash, Dean Heskin and Chris Agelastos of Swiss America Trading examine China’s upcoming role as BRICS chair in 2027 and what it could mean for efforts to increase local-currency trade among member countries.
The conversation then turns to a headline declaring that the U.S. dollar accounts for approximately 89% of the global forex market.
That statistic sounds overwhelming, but there is an important te...