Could China’s Digital Yuan Challenge U.S. Dollar Dominance?

Could China’s Digital Yuan Challenge U.S. Dollar Dominance?

Some China watchers have recently sounded the alarm that the digital yuan, a central bank digital currency, is poised to challenge the U.S. dollar’s dominance in the global financial system. Could China’s new digital currency soon displace the dollar as the favored means of pricing commodities, powering global commerce, and banking foreign currency reserves? Might … Read more

Stock Markets Today: Bond selloff, Jumbo IPO, Huawei in Germany, Yuan bears

Stock Markets Today: Bond selloff, Jumbo IPO, Huawei in Germany, Yuan bears

Good morning. Global bonds are sinking, Arm’s jumbo IPO and Germany’s relations with Huawei. Here’s what people are talking about. Global government bond yields extended their climb — with the US 30-year reaching the highest point since 2011 and other benchmarks returning to 2008 levels — as resilient economic data challenges the view that central … Read more