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From the Financial Times - Why do we suppose the US dollar remains strong?
February 6, 2014
FT
From the Financial Times -
I have a question . . . When do we suppose crude petroleum contracts will start being denominated in RMB? Do we assume Chinese oil firms already price in RMB for Chinese firms?
I strongly recommend you read:
http://www.ft.com/cms/s/0/36f4df62-8e88-11e3-98c6-00144feab7de.html
The Financial Times
February 6, 2014 6:39 pm
Why the dollar stays steady as America declines
By Gillian Tett
" . . . Last week, Kingsley Moghalu, Nigeria’s central bank pledged to convert almost a 10th of Nigeria’s $43bn reserves from dollars to the Chinese currency. “Ultimately the renminbi is likely to become a global convertible currency,”