According to the Wall Street Journal, Stephen Jen, co-CIO of Eurizon SLJ Capital, reported that the recent depreciation of the dollar is not necessarily a bad omen. He emphasized that despite the turmoil in the global financial markets, the dollar remains the primary reserve currency. Jen anticipates that the dollar's share of global reserves will gradually decline but will still hold its top position.

Over the past 25 years, the euro has fluctuated between 0.83 and 1.60 against the dollar, and during this time, there has been little discussion about the dollar losing its status as the reserve currency. Jen forecasts that the reasonable exchange rate for the euro to the dollar is between 1.20 and 1.25. The euro gained 0.17% to 1.1384 on Monday, reaching its highest level since April 29.

Additionally, Goldman Sachs President John Waldron noted that the recent move by investors to reduce dollar assets indicates a return to a more neutral currency allocation, rather than a massive exodus. Despite potential challenges to the dollar's dominance, it is expected to remain a leading player in international markets.