Will the US dollar’s slide erode its status as the world’s currency of choice?
Karen Yeung, South China Morning Post
Posted at Dec 16 12:51 PM
In October, the US dollar lost its crown as the world’s most used global payments currency, slipping behind the euro for the first time since August 2013. Its share in global currency reserves is still dominant, but geopolitics and near-zero US interest rates have countries and investors looking for alternatives.
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