Banks and brokers are seeing rising demand for currency derivatives that bypass the dollar, as trade tensions add a sense of urgency to a years-long shift away from the greenback.
This shift of the dollar from a global reserve to being just another currency went from a realistic impossibility to “probable” in the course of a 90 days. If it weren’t so fucking crazy it would actually be impressive.
Only a matter of time now, really.
This shift of the dollar from a global reserve to being just another currency went from a realistic impossibility to “probable” in the course of a 90 days. If it weren’t so fucking crazy it would actually be impressive.