Are we headed for a major dollar depreciation cycle?

The greenback is having a rough year in 2025.
After years of strength, the dollar has seen a sharp decline, dropping 10% against all major currencies since the start of the year.
This plunge is no coincidence, it reflects a deliberate move by the U.S. administration to reshape global trade flows.
But does it signal a rapid de-dollarization of the global economy?

Find out more in the analysis by Bastien Drut, Head of Research and Strategy at CPRAM.