Beijing’s prowess at attracting supply chains over the past three decades, notwithstanding, China doesn t have a currency to back its ambitions yet. Ironically, the dollar has become more dominant even as the US recedes as a proportion of global GDP, relative to the likes of China and India
(Bloomberg) Asset managers boosted bearish dollar bets to a record amid speculation slowing US inflation will hasten the end of the Federal Reserve’s 16-month run of policy tightening.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1
Futures Flat Ahead Of CPI Data US stock futures traded in a very tight range on Wednesday as investors held off on making big trades ahead of today s CPI…