Archive for August 2023

The evidence that the US Dollar is continuing to weaken globally continues to grow by the day.           “Nikkei Asia” reported that the Chinese currency has now outpaced the US Dollar in Chinese cross-border transactions.  Here is an excerpt (emphasis added) (Source:  https://asia.nikkei.com/Business/Markets/Currencies/Yuan-exceeds-dollar-in-China-s-bilateral-trade-for-first-time): The yuan was used in 49% of China’s cross-border transactions last quarter,…