China's Selling of US Dollars and Buying of Gold Signals Strained Outlook Towards the US Dollar
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#9f051475 ver:0.25
China's aggressive acquisition of commodities, including gold, and selling of US dollars signals a strained outlook towards the US dollar. This move could potentially weaken the dollar's dominance as the world's international reserve currency. China's resource accumulation is seen as a precautionary measure against potential Western sanctions and a hedge against currency devaluation. However, devaluing the yuan could worsen trade tensions with the US and other major trade partners. The implications could have both domestic and global consequences. The US can weaken the dollar and pressure China by balancing the federal budget and reducing the federal deficit. Asian governments are also taking action to stop the fall of their currencies due to the strong US dollar. #China #USDollar #Gold #CurrencyDevaluation #EconomicWarfare #Taiwan #BRICS #Inflation #TradeWars #BalancedBudget #AsianCurrencies...
#newstr #China #UsDollar #TradeTensions #GoldReserves #BricsAlliance
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