JPMorgan: Reports on the Dollar’s Demise Are Overblown
Key Takeaways: 💵 Dollar’s dominance in global financial system is not ending according to JPMorgan 🌎 China’s rise and economic sanctions are leading to diversification away from the dollar 📈 Dollar-denominated bank deposits in emerging markets are increasing 🛢️ Oil trading is shifting towards non-USD currencies in commodities markets 💳 Fragmentation of international payments system … Read more