- Analytics
- News and Tools
- Market News
- Dollar declinists position is probably weak – Commerzbank
Dollar declinists position is probably weak – Commerzbank
Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, notes the weak arguments of the Dollar declinist
Announcements like that of invoicing in Renminbi remain pure propaganda
China Daily reports that Chinese trade with Argentina will soon be invoiced in Renminbi. Countries that enter such a deal with China are being taken to the cleaners. I cannot exclude that an increasing number of emerging countries – sometimes for merely political reasons – will make a similar mistake. That means the Dollar declinists might even turn out to be correct in the end, whereas my projections of continued Dollar dominance could turn out to be incorrect.
But I remain optimistic and rely on reason prevailing in the end. That would mean that announcements like that of invoicing in Renminbi remain pure propaganda and will not have factual consequences.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
