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The Israel-Hamas conflict could burst the "super USD bubble"
According to analysis by independent economist Andy Xie in SCMP, escalating conflict in the Middle East could cause the "super USD bubble" to burst.
The Israel-Hamas conflict could burst the "super USD bubble"
According to analysis by independent economist Andy Xie in SCMP, escalating conflict in the Middle East could cause the "super USD bubble" to burst.
The Russia-Ukraine conflict elevates the Chinese Yuan, the US dollar remains invincible, this is the reason why it can't be lowered.
The United States has the most powerful economy and military in the world, and is the largest producer of crude oil in the world. All of this leaves China with a clear incentive to hold the USD.
Russia welcomes Cuban Prime Minister, US seeks UNESCO, Iraq-Egypt relations "sublime", Iraqi President visits Latin America
The World & Vietnam Newspaper highlights some notable world news this morning, April 13.
Despite Beijing's efforts, the yuan is far from being able to "usurp" the dollar
Over the years, Beijing has continuously made efforts to attract more countries to use their local currencies and has made significant strides in the internationalization of the renminbi. However, experts still assert that this currency cannot replace the USD in the near future.
De-dollarization spreads... The US is behind actively "pushing the boat"
The current so-called "de-dollarization" trend, although it is supported by many countries and regions, the country that can really "de-dollarize" effectively lest it is still the US.
Avoiding sanctions against Russia, not wanting to be imposed by the US, many countries turn away from the US dollar, Chinese yuan can...
Recently, many customers are willing to pay bills in renminbi, citing the economic crisis, Western sanctions on Russia, China's growing position and concerns about the US weaponization of the US dollar.
