China’s dollar pragmatism, Brexit negotiations: deal or no deal?
Monday 14 September 2020 – Vol.11 Ed.38.1
Commentary: Dollar dominance difficult to displace
By Kathleen Tyson in London
Speculation about the dollar’s decline is premature. The global financial plumbing will not change quickly or inexpensively.
It took a century of New York banks’ financial activism and extensive global interbank innovation and collaboration to make the dollar a hegemonic currency.
It will only...