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De-Dollarization Accelerates as Nations Shift to Chinese Yuan Amid US Dollar Volatility
De-Dollarization Accelerates as Nations Shift to Chinese Yuan Amid US Dollar Volatility
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Global de-dollarization efforts are gaining momentum as eight nations pivot toward the Chinese yuan, driven by heightened volatility in the US dollar. Trade tensions ignited by former US President Donald Trump’s policies have exacerbated the currency’s instability, prompting investors to seek alternatives like the yuan for cross-border transactions.
The euro and yuan are emerging as viable contenders in this financial realignment. Market participants are bracing for a structural shift as trade wars and retaliatory tariffs erode confidence in the dollar’s dominance.
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