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JP Morgan warns new payment systems may erode US dollar dominance

JP Morgan's report highlights signs of de-dollarisation as energy transactions shift to non-USD currencies. Emerging payment systems could undermine the dollar's global influence, especially amid geopolitical tensions.

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Signs of de-dollarisation are becoming increasingly apparent in the commodities market, particularly as energy transactions are being priced in currencies other than the US dollar, according to a recent report by JP Morgan.

The report highlights, "Some signs of de-dollarisation are evident in the commodities space, where energy transactions are increasingly priced in non-USD currencies." This shift reflects a broader trend in which global trade and financial systems are evolving to accommodate alternatives to dollar-based transactions.

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