De-Dollarization: JP Morgan Explains The Major Threat To the US Dollar
Leading investment bank JP Morgan has shared insights on de-dollarization and the major threat plaguing the US dollar. The US dollar is currently the dominant currency for trade and leads the charts in the forex markets. No country can survive without keeping the USD in its central bank reserves, as it boasts value and strength. Also Read: De-Dollarization: How the US Is Helping Chinese Yuan To Succeed While the Chinese yuan and Japanese yen are now widely used through de-dollarization, they are unable to dethrone the USD. JP Morgan has explained in its recent Analysis that foreign powers do not pose a major threat to the US dollar. Central banks of foreign countries are increasing their reserves in USD-denominated currencies, giving them exposure to international markets. Also Read: US Dollar Weakening May Actually Be Good For US Stocks: Here’s How De-Dollarization: JP Morgan Reveals What’s Hurting the US Dollar Source: Fortune According to JP Morgan, the threat to the US dollar...