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Many Exporters No Longer Want Dollars, US Bank Executive Says (U.S. Bancorp)
This ties into what I was saying a few weeks ago about the dollar's dominance on the world stage being questioned due to FOTUS and his policies....coupled w/America's blooming debt.
I still think over the next several years global trade/economics will be restructured around, but not necessarily through, the US and USD.
they ask for settlement in euros, Chinese renminbi, the Mexican peso and the Canadian dollar,
Totally agree. US dollar felt 8% in the last 5 months versus major currencies. Same goes to merchants who are getting paid with dollar at lower value. The other major countries who have not mentioned here and Japanese Yen and British pound.
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I still think over the next several years global trade/economics will be restructured around, but not necessarily through, the US and USD.
The other major countries who have not mentioned here and Japanese Yen and British pound.