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Could China's yuan replace the dollar as a reserve currency?
The Chinese yuan, or renminbi, could give the dollar a run for its money one day, at least when it comes to being a major reserve currency, analysts say. Those days may still be far off in 2018, but recent developments show that there’s a new kid on the reserve block that’s worth noting. “There’s nothing quite like a falling dollar to spur talk of the erosion of the greenback’s reserve status,” said Marc Chandler, global head of currency strategy for Brown Brothers Harriman. The U.S. dollar DXY, -0.11% is the world’s leading reserve currency, but it isn’t the only one. The euro EURUSD, +0.0656% , ... (full story)