- The US dollar is king and its reign won't end any time soon, according to LPL's chief global strategist Quincy Krosby.
- Recent currency moves by China and Russia have led to increased reports of a "de-dollarization" movement.
- But there are 3 key reasons why the US dollar won't be dethroned, according to Krosby.
Efforts by China to turn its yuan into a top global reserve currency have sparked fears about the potential downfall of the US dollar, but that's not happening any time soon according to one Wall Street strategist.
As the world's second largest economy, China has been working towards better incorporating its yuan currency into various facets of global trade for years.
No comments:
Post a Comment