Traditional reserve currencies on the decline, says Pimco

Doug Hodge at Pimco
Doug Hodge, Pimco

The near-term outlook for the US dollar and the euro remains bleak, but emerging market currencies – particularly the Russian ruble and Chinese renminbi – have structural advantages, according to a senior official at Pimco.

Speaking in the keynote address at the FX Week USA conference in New York this morning, Doug Hodge, Pimco's chief operating officer, delivered a sobering assessment of the weaknesses blighting traditional reserve currencies, pointing out the value of the dollar on a trade

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: