26.06.2013 - China currency swaps and prepping for the last monetary frontier

China seems to be waiting patiently in the wings, as the U.S. dollar may be starting its next decent just in time for another EU crisis to emerge. China has been negotiating currency swaps in preparation for the day it must intervene on the world monetary front, perhaps making its currency, the yuan, a defacto candidate for reserve currency status as the dollar’s fortunes decline...............................................Full Article: Source

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