What changes when China’s leader finally states a reserve currency ambition explicitly? Xi Jinping has now done so, calling ...

A revived speech and a shifting global backdrop. Beijing is signalling new urgency in its push to elevate the yuan - but the ...

As the West reacts to the revelations in the latest batch of Epstein files, China has plans for the renminbi to become a ...

The rise of China as an economic powerhouse in global trade in recent decades has sparked concerns about the long-term status of the U.S. dollar as the world’s primary reserve currency, which it has ...

Foreign governments hold reserve currency in their central banks to help reduce the risk of exchange rate fluctuations. A reserve currency is also used to price commodities that all economies need, ...

Steve Eisman, the star investor portrayed by Steve Carell in “The Big Short,” slapped down talk of the dollar losing reserve currency status. What happened: In a CNBC interview, Eisman dismissed the ...

The dollar is the global reserve currency. This has long been called the “exorbitant privilege”. It’s considered a huge advantage for the U.S. that the dollar holds this status – or so the story goes.

There is increased pressure from several nations to replace the U.S. dollar as the world’s reserve currency. The U.S. has benefited from being the most dominant currency in the world since the end of ...

This symposium “asked a broad range of experts to highlight a shocking development that could unexpectedly materialize by 2035 … an outside-the-box speculation on matters that today seem improbable, ...

Another influential left-wing news organization opined this week that the United States dollar is losing its global reserve currency status. The piece argued that the European Monetary Union will ...