It finally launched! They said it wouldn't happen but it did. After many delays and much skepticism, the Yuan based oil futures market has launched.
Will this be a DEATH BLOW to the PETRODOLLAR?
RE: Petro Yuan Just Launched! U.S. Petrodollar DOOMED as China Attempts To Control Oil Market!
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Petro Yuan Just Launched! U.S. Petrodollar DOOMED as China Attempts To Control Oil Market!
Thanks for sharing :)
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You're welcome. Thank you for watching it
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I don't know if crashing the dollar is good for they yuan. In fact it has been a race to the bottom for years with currencies. Exporters want cheap money. Canada's economy had a great few years because the money was cheap vs the us. So a really strong petro yuan probably isn't wanted. Just a thought.
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Definitely looking at all of these geopolitical events and seeing the effect. All countries are attempting to undermine their own currencies.
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