JPMorgan Strategists Issue De-Dollarization Alert, Say US-China Tensions Key to World Reserve Currency’s Future
Analysts at financial giant JPMorgan say increased geopolitical tensions between the two largest economies would take the threat of de-dollarization to the next level. JPMorgan strategists warn that escalating tensions between the US and China would result in the erosion of the dollar’s market share in global reserves and trade settlements, reports Bloomberg. The analysts...