Ray Dalio – China will vie to become financial center

IMG Auteur
 
Published : January 12th, 2021
121 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...

Financial Times/Robin Wigglesworth/1-8-2021

“China will emerge as a rival to New York and London as the world’s financial centre, according to Bridgewater founder Ray Dalio, who is betting heavily on what would be an epochal shift in the global economy.”

USAGOLD note: And the yuan will present a challenge to the dollar, as we have commented previously, based on new trade agreements China has signed with the European Union and the rest of Asia. China’s maneuverings could eat into the market for the dollar, and, by proxy, bode well for gold over the longer term. The yuan is up sharply since its June lows.

U.S. Dollar / Chinese Yuan
(one year)

Chart courtesy of TradingView.com  • • • Click to enlarge

Read the rest of the article at USA Gold
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.