The dollar, a symbol of global financial power, is wavering. Whispers on Wall Street suggest that 2025 may be a turning point.

Geopolitical storms, trade wars, and new currency alliances threaten the American currency.

What does the future hold and who is behind this 'secret plan'? In July 2025, the dollar is experiencing turbulence.

According to Bloomberg, global economic growth in 2026 is expected to be at 2.9%, creating a neutral environment for the dollar.

However, analysts at JP Morgan predict that the dollar-to-euro exchange rate will stabilize in the range of 1.15–1.18 if the US economy shows steady growth.

Elon Musk, overseeing the optimization of US government spending, stated in an interview with CNBC on May 15, 2025, that reducing the budget deficit could support the dollar in the medium term. But risks remain.

In Russia, the situation complicates the position of the dollar. Sanctions against the Moscow Exchange and the largest banks in 2024 led to the cessation of dollar trading, which increased volatility.

Natalia Pyryeva from the IC 'Tsifra Broker' predicts a weakening of the ruble to 110–115 rubles per dollar by the end of 2025 due to increased demand for currency from importers.

However, analysts at SberCIB believe that until August, the ruble may remain stable at around 80 rubles per dollar due to high oil revenues and a strict policy from the Central Bank.

Global trends are also working against the dollar. BRICS countries are actively promoting settlements in national currencies, reducing dependence on the dollar and euro.

Bank of America notes that the euro/dollar pair could reach 1.15 by the end of the year due to the easing of Fed policy and the growth of the German economy.

Gold, as an alternative asset, is gaining popularity. In July 2025, its price rises against the backdrop of instability.

Digital currencies are another challenge. The European Central Bank and China are working on a digital euro and yuan to compete with the dollar.

Jurgen Shaaf from the ECB stated that euro-based stablecoins could be an answer to American dominance.

At the same time, the yuan is strengthening: its exchange rate to the ruble in July 2025, according to the Central Bank of Russia, remains in the range of 11–11.5 rubles. Investors should be alert.

Diversification between gold, yuan, and euro can protect savings. Keep an eye on news from the Fed and decisions from major banks. The dollar is holding for now, but 2026 could bring surprises.

The global financial landscape is changing, and the dollar no longer seems invincible....