logo |

News

    Home   >     Original    >     Main body

    More Countries Opt to RMB Settlement, Will USD Be Replaced?

    Abstract:As more and more countries announce the initiation of RMB settlement business, the status of the US dollar is in jeopardy.

      WikiFX News (27 June) -As more and more countries announce the initiation of RMB settlement business, the status of the US dollar is in jeopardy.

      According to the latest data of the World Bank Interbank Financial Telecommunications Association (SWIFT), the share of RMB international payments has risen to 1.79% in May, and the internationalization of the RMB is continuously deepening.

      Up to June 22, the size of the US national debt has reached 26.24 trillion US dollars. Some analysts pointed out that the rapid growth of US Treasury bonds will have an impact on the fiscal budget, thereby exacerbating the financial crisis. Whether the United States can correctly deal with the negative impact of these factors on the economy will determine whether the dollar can pass the test.

      Under the advantage of the US dollar, the US exchange rate risk is very low, and it is also possible to purchase cheap goods from other countries by printing money. However, former US Treasury Secretary Henry Paulson pointed out recently that the status of the US dollar is being tested.

      Paulson said that considering that the US economy has fallen into relative decline, and emerging market countries such as China are on the rise. It currently appears that “RMB is the currency most likely to replace the US dollar.”

      The above information is provided by WikiFX, a world-renowned foreign exchange information query provider. For more information, please download the WikiFX App. bit.ly/WIKIFX

    分析-06.27.png

    Latest News

    Malaysian Ringgit

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    Malaysian Ringgit
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.