Authorities use down-to-Earth language to ease minds and shore up markets at a time when the economy is sputtering and the yuan has again dropped below the key psychological point of 7.0 against the US dollar.
A depreciating yuan and diminished economic growth prospects in China ‘are putting investors off a market that was expected to be this year’s darling’, Natixis says
eroded, particularly at a time when we are moving to a multi polar world. china would love it. a gift to china if we default because they would love it if the emerging markets say we ll do trade in the china currency. dollar based assets would depreciate and the stock market value would be cut in half. victor laid out the real life consequences if america defaulted on the payments for the first time ever. polls show that americans are concerned. talk about the impact on regular people. for sure. well, look. sticking with the stock market, anyone with a 401(k), retirement
The US economy is showing signs of slowing down, with other economies - especially China and India - catching up fast. Additionally, increased trade wars and sanctions by the US have accentuated the search for a new trade mechanism other than US Dollar. Rupee is in the race to become world’s reserve currency. Watch this Visual Story to see US dollar s dominance and decline in the last 100 years.