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JPMorgan has dismissed claims that the dominance of the U.S. dollar in the global financial system is waning. Despite significant changes in commodities markets, where oil trading is increasingly conducted in non-USD currencies and there is a surge in demand for gold from central banks and emerging market consumers, JPMorgan maintains that reports of the dollar's demise are greatly exaggerated. This statement was reported by Reuters on Wednesday.
Areas where significant changes are happening include commodities markets where oil trading is increasingly done in non-USD currencies and demand from central banks and emerging market consumers for #gold has boomed. https://t.co/O7qyRS0qE7
Reports of US dollar's demise are greatly exaggerated, JPMorgan says https://t.co/BJ9eyOdTLy via @Reuters https://t.co/a7qvdoURO3
Reports of U.S. dollar’s demise are greatly exaggerated, JPMorgan says https://t.co/LNYbXjuFbR
