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The dollar's dominance is here to stay as China's zero-COVID strategy hurts the yuan, a Mo…

Sumary of The dollar's dominance is here to stay as China's zero-COVID strategy hurts the yuan, a Mo…:

  • James Lord told Insider that China zero-COVID policy is denting the yuan appeal, at least in the abbreviated word.
  • The US cooling on Russia currency reserves has send doubt on the dollar responsibility, but Lord said the fears are overblown.
  • Lord said the horse new strength — the dollar scale has risen 9% this year — is largely because it is the world de facto currency.
  • The dollar will be the world global propriety currency for a very agelong moment, according to a morgan Stanley planner who said China exact zero-COVID policy is hurting the appeal of the yuan.

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