Tanada wrote:Somebody noticed.Goodbye Petrodollar: Russia Accepts Yuan, Is Now China’s Biggest Oil Partner
Russia reaps the rewards of dumping the dollar.
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The dollar is slowly losing its privileged place in international transactions. What this means for the United States is anyone’s guess.
http://thenewsdoctors.com/goodbye-petro ... l-partner/
Is it too difficult for anyone to look at a DXY chart, and look for any evidence the dollar is doomed with all this "significant" change going on re petrodollar doom?
If logic weren't a thing, the perma-doomer / collapse crowd just might have a point. As it is, NOT SO MUCH.
https://www.tradingview.com/symbols/TVC-DXY/
Go ahead. Pick your timeframe, from 1 day to all. Clearly business as usual for the dollar, IN THE REAL WORLD.
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(For the umpteenth time, with mature FX markets trading all major currencies to the tune of several $trillion a day, the idea that any competent entity of means can't hold ANY basket of currencies they want any time they want, regardless of whatever petrodollar account balance is required to trade oil is completely nonsensical.)
Not that I'd expect the perma-doomer fast crash crowd to consider logical points or data that detract from their religion.