The greenback's dominance in the developing world may be under threat as more emerging economies begin to reduce their reliance on the global trade currency. "Decreasing reliance on the dollar is an important trend that's going to grow," said Jim Rickards, chief global strategist at West Shore Funds. "As far as emerging markets, the rise of bilateral trading deals is significant for the dollar's future as a trade currency." Around 80 percent of global trade finance is conducted in dollars, according to January data from SWIFT.
