1. The dollar will soon lose reserve currency status. 2. The dollar's dominance is waning. The first is unlikely, the second is inarguable. Bilateral trade ag

1. The dollar will soon lose reserve currency status. 2. The dollar's dominance is waning. The first is unlikely, the second is inarguable. Bilateral trade agreements that sidestep the dollar are on the rise. If Saudi Arabia and China agree to settle oil trade in yuan, that will mark the end of the petrodollar.