Here’s how Europe plans to challenge dollar’s dominance

Bloomberg/Viktoria Dendrinou and Nikos Chrysoloras/12-3-2018

“The European Union is set to unveil plans for challenging the dollar’s dominance in global markets, including energy, as it seeks to strengthen the international role of its currency and become more independent from the U.S. amid a widening rift in transatlantic ties.”

USAGOLD note:  Such news is euro positive/dollar negative in that strengthening the euro’s role in international trade will boost demand and its use as a currency reserve, particularly among oil exporters.

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