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If China starts trading with Russia using the Yuan it's going to have to buy a ton of USD and other currencies to keep the artificially low Yuan peg[1] going. I
by AlexandrB 5y ago
If China starts trading with Russia using the Yuan it's going to have to buy a ton of USD and other currencies to keep the artificially low Yuan peg[1] going. I don't think the USD is going to lose power in this scenario.
[1] https://www.investopedia.com/articles/forex/030616/why-chinese-yuan-pegged.asp https://www.investopedia.com/articles/forex/030616/why-chine...