The US dollar in 2026 is standing at a crossroads.

This is not just a rumor. The well-established UK asset management firm Charles Stanley has long seen through it — the decades-long "safe haven myth" of the dollar is genuinely beginning to weaken. Our team's recent repeated validations also point to the same conclusion: this wave of change is not just short-term market sentiment, but the result of deep structural contradictions.

In plain terms, several factors stacking together have created a perfect storm: the long-term sustainability of US fiscal policy remains a mystery, policy uncertainty is soaring, and the traditional safe haven status of the dollar is declining. These pressures are resonating and amplifying. Overseas capital has already sensed the change, actively increasing dollar hedging tools, and the grand reshuffle of global capital is officially underway.

What’s more painful is that the Federal Reserve is likely to continue cutting interest rates in 2026, directly weakening the dollar’s interest rate advantage.

A chain reaction then unfolds: the dollar’s weakening becomes an established fact, emerging market assets experience valuation recovery + capital inflows, yields on non-USD denominated assets begin to rise, and risk appetite also heats up. For investors, the real challenge has never been how volatile the market is, but whether the direction is clear or not. Now, the direction is clear — cash is no longer the safest harbor, and those undervalued risk assets are opening a window for value revaluation.

Interestingly, large funds have already quietly shifted their positions, so what are ordinary investors waiting for — "certainty"? In the dollar downtrend cycle, the real opportunities are not on dollar assets.