Some Chinese Exporters Hasten Dollar Conversion Amid Trade War

Some Chinese Exporters Hasten Dollar Conversion Amid Trade War

A few Chinese exporters are speeding up conversion of their dollar income into yuan on bets the worst of the tariff-led loss in the local currency may be over.

The international financial system has revolved around the dollar for decades. But a number of decisions by US President Donald Trump have weakened the US currency considerably. Could it be that the euro can emerge as a new international reserve currency? There is still a long way to go. Not only does the euro account for just under 20 percent of international foreign exchange reserves, the eurozone is not yet economically attractive enough to r…

PIMCO Warns of Risks to the Dollar’s Global Reserve Status

PIMCO warns tariffs may jeopardize the dollar's global reserve status. Investor confidence in U.S. Continue Reading:PIMCO Warns of Risks to the Dollar’s Global Reserve Status The post PIMCO Warns of Risks to the Dollar’s Global Reserve Status appeared first on COINTURK NEWS.

China crushes the SWIFT system: The digital yuan revolutionizes global payments in seven seconds! 10 facts that threaten the dollar's hegemony Published on April 27, 2025 at 5:27 p.m. – By Andrei Kuznetsov – Reading time 8 minutes Listen to the article here Play Pause Stop /* Modernized button collapsed */ .modern-btn { padding: 8px 16px; font-size: 14px; border: none; border-radius: 4px; background-color: #0073aa; color: #fff; cursor: pointer; …