In the eyes of many commentators, the US dollar’s reign as the global reserve currency is under threat from two sides. The first comes from within the US—a permanent deficiency in demand or secular stagnation; and the second from the People’s Republic of China (PRC), and in particular from a fully convertible yuan.
Don’t Bet Against the Greenback Yet
Don’t Bet Against the Greenback Yet
Don’t Bet Against the Greenback Yet
In the eyes of many commentators, the US dollar’s reign as the global reserve currency is under threat from two sides. The first comes from within the US—a permanent deficiency in demand or secular stagnation; and the second from the People’s Republic of China (PRC), and in particular from a fully convertible yuan.