243 Cutting out the middle man: Brazil to trade directly with China in local currency. And Saudi Arabia is in discussions also for their oil trade in yuan. Is the $USD about to fall? Get prepared. (www.straitstimes.com) posted 1 year ago by 00101101 1 year ago by 00101101 +243 / -0 China, Brazil strike deal to ditch dollar for trade It's Beijing’s latest salvo against the greenback. Read more at straitstimes.com. 42 comments share 42 comments share save hide report block hide replies
Interesting that Japan, China and UK hold the greatest amount of US debt, I'm guessing in bonds. It would be in their interest to do everything in their power to keep the dollar from failing. Maybe China wants the dollar to last?