LONDON, July 11 (Reuters) - The dollar's grip as the dominant global currency is loosening, credit rating agency S&P Global's top economist said on Tuesday.
The dollar "doesn't have quite the pull it used to," Paul Gruenwald, S&P's chief economist, said at a conference hosted by the ratings firm in London.
Gruenwald pointed to a number of examples where countries were now circumventing the dollar: "We've got other things happening outside of the dollar world".
"The U.S. (dollar) will continue to be a leading world currency, (but) it will no longer be the dominant world currency," Gruenwald said.
Reporting by Libby George; Editing by Marc Jones and Alexander SmithOur Standards: The Thomson Reuters Trust Principles.
Persons:
Paul Gruenwald, We've, Gruenwald, Libby George, Marc Jones, Alexander Smith
Organizations:
Asia Infrastructure Investment Bank, New Development Bank, Thomson
Locations:
London, China