Franklin CIO: Alternative assets to the dollar will not appear for several decades.

Mars Finance reports that the dominance of the US dollar has always been a topic of concern, but Franklin Templeton believes the dollar will remain the preferred currency. The company’s fixed income chief investment officer, Sol Desai, wrote in a report that the dollar’s position is supported by three main pillars: the size of the world’s largest economy, market depth, and institutional credibility. Sol Desai pointed out that there are currently no reliable alternative assets, and it will take decades to establish the institutional infrastructure needed to support such a currency. The debate over the dollar’s dominance is becoming more intense, as Trump’s unpredictable trade, geopolitical, and fiscal policies have weakened the appeal of American assets. Some analysts believe that the euro and gold could become the preferred reserve assets.