Dollar May Face ‘Major’ Drop in 2026, Standard Chartered Says

The risk of a “major” downturn in the dollar will increase next year if President Donald Trump’s policies add to the US debt burden but fail to boost the economy, according to Standard Chartered.

US government debt and the amount owed to investors outside the country have increased simultaneously in recent years, the bank said in a research note. That puts the dollar and Treasuries at risk from any loss of confidence among foreign investors as they get a better view of the longer-term impact of increased borrowing.