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Juncker to propose breaking US dollar’s dominance in global markets

From euractiv.com

European Commission President Jean-Claude Juncker is expected to propose today (12 September) a bigger role for euro in international markets and more efficient decision-making in EU foreign policy in his state of the union speech, European diplomats said. According to officials, Juncker would like to achieve three goals before the European elections next May: the ratification of the EU-Japan trade deal; a political agreement among member states on the multi-annual financial framework (the EU´s long-term budget); and to start breaking the dollar’s dominance in global markets. “The moment you start to be aware of it ... (full story)

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  • Category: Fundamental Analysis