China Ditches US Bonds: How This Decision Affects You

"so maybe in my lifetime I'll see the dollar become less dominant on a global level but will I see the dollar become replaced by another currency I don't think so at least not in my my lifetime"

"but if something does challenge the dollar it might be the Euro but I don't think it's going to be the Yuan or the joint bricks currency because I don't think those countries fully trust each other either"

"in the first quarter of 2024 China sold about 50 billion worth of us treasuries bringing their Holdings down from $816 billion in December 2023 to 767 billion in March 2024"

"and you can see that the Chinese reserves of US Treasury bonds have been declining over the past decade to the point that they're at a 14-year low right now"

"the world holds roughly 59% of its foreign exchange reserves in dollars that's in comparison to only 20% for the Euro and only 3% for the Chinese remen be"

"and the dollar is used in 88 sent to Foreign Exchange transactions"

"in a survey of global investment managers when they were asked what they were planning to do over the next 1 to two years with the kind of currencies they were holding the US dollar had by far the most positive responses with 18% saying they'd be adding to the US dollar which was three times higher than what it was last year"

"at the same time 12% of them said they'd be decreasing their Holdings of Chinese currencies"

"the dollar has been on a relatively strong Trend upwards over the last few years"