Argentina and Brazil will soon announce its plans of the introduction of an own currency after its owns are failing badly and are dying in high out of control inflation. They clearly reject the idea of using the USD as a settlement layer with this plan.
For us Europeans: We're witnessing a big wave of de-dollarization in a moment the Euro doesn't offer a viable alternative as a settlement layer or internantional reserve asset with respect to the debt crisis in the Eurozone.