‘De-Dollarization Emerging’ but Greenback Will Retain Its Dominance — JP Morgan Strategists


'De-Dollarization Emerging' but Greenback Will Retain Its Dominance — JP Morgan StrategistsTwo JP Morgan strategists have said the U.S. dollar will retain its dominant position even as it is being challenged by alternative currencies such as the Chinese yuan. According to a report, the yuan currently accounts for just 7% of global foreign exchange trade volumes while the greenback is just “shy of record highs at […]