‘Single biggest change in capital markets, maybe of all time’: China launches oil futures that could topple dollar
So long petro-dollar, the world’s biggest oil importer wants to trade in renminbi
By News on the Net -- Financial Post—— Bio and Archives--March 26, 2018
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NEW YORK — China’s launch on Monday of its crude futures exchange will improve the clout of the yuan in financial markets and could threaten the international primacy of the dollar, argues a new report by Hayden Briscoe, APAC head of fixed income at UBS Asset Management.
This is the single biggest change in capital markets, maybe of all time -- More....
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