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More U.S. Businesses Adopting China’s Currency

Posted on 01 August 2014

Many U.S. businesses that sell their goods overseas have it easy. Their distant customers and suppliers are happy or at least willing to trade in U.S. dollars.
But is the dominance of the US dollar coming to an end–or fading–as the spending power of China’s growing middle class increases? And does that mean U.S. businesses will have to become more open to accepting other currencies. A recent study by HSBC raises some questions worth pondering………………………………………..Full Article: Source


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VRS - who has written 37583 posts on Opalesque Commodities Briefing.


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