Franklin Templeton has directly challenged Deutsche Bank's recent warning about the potential rise of the Petroyuan and the erosion of the US dollar's dominance, calling the analysis a misinterpretation of key geopolitical and financial relationships. In a sharp rebuttal, the firm's fixed income CIO questioned the core premise that global de-dollarization is accelerating, pushing back against predictions of a significant shift in oil pricing away from the petrodollar.

Another Analyst Questions The Petroyuan and De-Dollarization Dominance in the Oil Sector

Elias Haddad, global head of markets strategy at Brown Brothers Harriman, said in an interview with CNBC that oil suppliers don’t trust the Petroyuan. The trust remains with the US dollar due to its liquidity and market presence. De-dollarization in the oil sector is a myth, he quipped.he said in the interview.he added.

Haddad stressed that the Chinese yuan represents only 3% of the global central bank reserves. It stands nowhere close to outperforming the Petrodollar through de-dollarization.he summed it up.