ING report suggests the US dollar has lost some of its safe haven appeal since 2024
The dollar has lost some safe-haven value but remains a dominant currency. Analysts see the recent decline as cyclical rather than a sign of de-dollarization.
Insights:
ING Groep N.V. has published a report stating that the US 
US dollar has lost some of its safe-haven value since 2024. This announcement, made on February 23, 2026, notes that the shift relates to investor demand for the currency, conditions in foreign exchange markets, and assessments of Federal Reserve credibility. The report suggests that the dollar's traditional role as a primary refuge is being re-evaluated by market participants.
US dollar has lost some of its safe-haven value since 2024. This announcement, made on February 23, 2026, notes that the shift relates to investor demand for the currency, conditions in foreign exchange markets, and assessments of Federal Reserve credibility. The report suggests that the dollar's traditional role as a primary refuge is being re-evaluated by market participants.The findings follow a near-10% decline in the dollar index last year, which marked the currency's worst annual performance since 2017. This decline has influenced FX market conditions, including the EUR/USD exchange rate, and underpins the assessment of the dollar's diminished safe-haven status. The report treats these developments as a significant change in the currency's global standing.
