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China aims for greater trade currency relevance, Axel Merk notes

China aims for greater trade currency relevance, Axel Merk notes
China wants stronger currency role in trade

Axel Merk highlights China's strategic interest in making its currency more central to international trade by developing the necessary infrastructure.

He comments that such efforts might not occur if all trade between China and another party were conducted in USD in the future.

Merk has previously commented on rapid shifts in key asset classes. He observed a sharp rally in gold and mining shares as gold rose 4.4 percent and GDX jumped 7.8 percent. In a separate analysis, Merk argued that economists often misattribute bond selloffs to global events rather than market data.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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