reserve currency

Below is a synopsis of this investment report:

• Fear mongers now claim that the U.S. will soon be replaced by China as the world’s reserve currency, and investors are asking about the validity of such an assertion.
• There is certainly a chance that China attains a “reserve” status for its currency, but hurdles remain and markets probably won’t be impacted one way or the other.
• Even if China gains this coveted status, the U.S. will not lose its place as the world’s reserve currency anytime in the next several decades.

 

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