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The bar has been significantly lowered in the last year since the US has decided to commit bigly to unpredictability. Another 3 years of these kinds of manipulations and the Yuan could very well look like the lesser evil to a lot of countries.


The Euro is like, right there? Its a market larger then the US.


Europeans dont make stuff i want to buy.


Neither does the US that's not the utility of a reserve currency.


> The bar has been significantly lowered in the last year since the US has decided to commit bigly to unpredictability.

The yuan/renminbi is currently about 8.5% of all foreign currency transactions. That's on a similar to CAD and AUD (6%):

* https://en.wikipedia.org/wiki/Template:Most_traded_currencie...

It has a ways to go still.


Still nowhere near what the CCP does.




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