New report debunks the ‘dedollarisation in favour of the yuan’ narrative
· FXC Intelligence has today published a report assessing the perceived narrative that dedollarisation has been accelerating due to the rise of China’s currency, the yuan, in USD’s place. · The report finds the reality of dedollarisation is much more nuanced and complex than this narrative suggests and is instead indicative of a global trend towards a more decentralised range of financial power. · This conclusion is supported by evidence from IMF and central bank datasets on foreign