Could China's Currency Be The New World Reser...

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For over 80 years the US dollar has been king when it comes to global trade, is that beginning to change?We look at how the US dollar came to dominate global trade, ask what happens when a country runs out of dollars and explore why countries like China, India and Russia are star ...  Show more

For decades, dollars have been the world's common financial language. Central banks everywhere hold dollars as a way to safely store their wealth. Countries, businesses, and people use it to trade; around 90% of all foreign exchange transactions involve dollars. It's the world's ...  Show more

The US dollar is the world’s most-used currency for global transactions. Now China aims to elevate its currency as an alternative. Over the past year, President Xi Jinping's government has struck deals linked to the yuan stretching from Russia and Saudi Arabia to Brazil and even ...  Show more

the cics still own a lot of us companies, just not as much as they used to I agree that the currency sell-off is one of the big reasons The other is that they are diversifying out of U S companies and into other assets Also, they are diversifying out of Us stocks and into othe ...  Show more