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The US national debt has reportedly exceeded 26 trillion US dollars. Analysts have indicated that the fast increase in US Treasury bonds may leave an impact on the fiscal budget and consequently exacerbate the current financial crisis. The United States’ management of the negative impact on its economy will show if the dollar can endure.
The US dollar still has a stable position and the US exchange rate risk is very low. More than 60% of the world’s currency reserves are in dollars and the dollar is still used for the majority of global commerce.
The post The internalization of RMB grows, threatens to leave US dollar behind appeared first on LeapRate.
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