the Wall Street Journal recently, foreign exchange market is about to occur in the next year an earthquake of change. This change is brewing, then dollar continued weak, mainland China renminbi, Brazil real erdeng strength of emerging countries currency will, will probably end up dominating the position of us $.
reports, Bridgew aterA ssociates long Daglio's founder and Chief Investment forecast forex markets change, the oldest will occur next year, and that changes in the field of earthquake of, will have more free floating foreign currency pegged to the dollar.
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Pacific investment management company founder of the world's largest bond gross also said that due to a weaker dollar, if the investment securities in US dollar-dominated, then relative to other currencies in the world will lose money. And a forecast for a weaker dollar is also on United States economic growth will be less than forecast in other countries. Reports also said that dollar's importance in international affairs is weakened rapidly. For example, those in the past year, when the Mainland from Brazil when buying soybean, trading is conducted in US dollars. But today with the development of mature economies, the Mainland began to Brazil paid RMB, this demand for dollars is a huge blow.
