De-dollarization could boost S&P 500 performance — Yahoo Finance

JPMorgan analysts highlight several trends pointing to global de-dollarization, even as the US dollar remains the world’s dominant reserve currency and primary medium for trade and international transactions.

According to the financial institution's experts, energy prices in commodity markets are increasingly quoted in non-dollar currencies. US banks have limited participation in emerging international payment systems, and the dollar's share in foreign exchange reserves, a traditional indicator of the currency's global importance, has decreased.

However, Annie Cole of Money Essentials for Women suggests this trend could boost foreign demand for American goods, potentially increasing corporate revenues and creating jobs domestically.

Andrew Lokenauth of BeFluentInFinance notes that a 10% dollar decline typically corresponds to a 15–20% profit increase for S&P 500 multinational companies due to favorable foreign earnings conversion rates.