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China and Russia are both known to manipulate their currencies much more than the USA. USD's most credible rival as a global currency is the Euro, because no i
by nickff 6y ago
China and Russia are both known to manipulate their currencies much more than the USA.
USD's most credible rival as a global currency is the Euro, because no individual government is able to devalue it.
- selectodude 6y agoUSD also has bond yield and access to the largest economy in the world built into it. It's more difficult to spend your Euros.
- effie 6y ago> "China and Russia are both known to manipulate their currencies much more than the USA." What do they do to "manipulate their currency"? Does quantitative easing qualify?
- icelancer 6y ago"How easy is it to buy and sell other currencies in China compared to the United States?" is a good start to answering this question.