• Home
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • User/Email: Password:
  • 1:42am
Menu
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • 1:42am
Sister Sites
  • Metals Mine
  • Energy EXCH
  • Crypto Craft
  • Story Log
User Time Action Performed
  • World’s largest trade deal will come into force in January. The U.S. won’t be part of it

    From cnbc.com

    The world’s largest trade deal — which includes China and excludes the U.S. — will come into force in January next year. It comes as Australia and New Zealand announced they have ratified the agreement. The Regional Comprehensive Economic Partnership or RCEP was signed last year by 15 Asia-Pacific countries. The countries are the 10 members of the Association of Southeast Asian Nations and five of their largest trading partners China, Japan, South Korea, Australia and New Zealand. Australia said in a statement on Tuesday that its ratification — together with New Zealand’s — paved the way for the deal to ... (full story)

  • Comments
  • Comment
  • Subscribe
  • Post #1
  • Quote
  • Nov 3, 2021 3:43am Nov 3, 2021 3:43am
  •  Schweet
  • | Joined Mar 2013 | Status: Member | 69 Comments
Beginning of the end for the USD as global currency?
 
 
  • View Post
  • Hidden for breach of Trader Code of Conduct
  • umbrella man
  • Post #3
  • Quote
  • Nov 3, 2021 6:23am Nov 3, 2021 6:23am
  •  Guest
  • | IP XXX.XX.52.98
If the USD is displaced as a reserve currency, the consequences will be disastrous for the US.
 
1
  • Post #4
  • Quote
  • Nov 3, 2021 7:34am Nov 3, 2021 7:34am
  •  foto
  • Joined Jan 2007 | Status: Member | 2,323 Comments
Yeh well it's Asia where a deal is a deal until it isn't.
That fine print is always troublesome.
Lot of show for public consumption but as we all witnessed at cop26 heads of State largely slumbering, not much difference in this matter.
 
 
  • Post #5
  • Quote
  • Nov 3, 2021 7:39am Nov 3, 2021 7:39am
  •  catlitter
  • | Joined Jul 2018 | Status: Member | 3 Comments
In my opinion, it is the USA Military which is backing the USD as the reserve currency much more than the USA economy. Particularly its Blue Water Navy. When her Aircraft cariers become sinkable or unservicable, obsolete by new tech weapons, that will be a challenge on her reserve currency.
 
 
  • Post #6
  • Quote
  • Nov 3, 2021 12:02pm Nov 3, 2021 12:02pm
  •  RossEdwards
  • Joined Jun 2019 | Status: Member | 2,934 Comments
Hmmm.. as I remember US spends c3.3% GDP on Military. China - c1.75%.
What happens if China increases spending to 3.3%?
I hope not.
 
 
  • Post #7
  • Quote
  • Nov 3, 2021 12:07pm Nov 3, 2021 12:07pm
  •  nbfx
  • | Joined Oct 2010 | Status: Member | 1,325 Comments
Quoting RossEdwards
Disliked
Hmmm.. as I remember US spends c3.3% GDP on Military. China - c1.75%. What happens if China increases spending to 3.3%? I hope not.
Ignored
I'm not sure they would need to. In due course it is looking like their economy will overtake that of the US becoming the largest in the world...
 
 
  • Post #8
  • Quote
  • Nov 3, 2021 2:57pm Nov 3, 2021 2:57pm
  •  Guest
  • | IP XXX.XXX.170.69
Quoting Schweet
Disliked
Beginning of the end for the USD as global currency?
Ignored
No, US allies/partners are in the list
Japan, Singapore, Australia, New Zealand, Korea. They can influence all the participants from China's scheme.
 
 
  •  Guest
  • | IP X.XXX.176.80
Join FF
    • Older Stories  
    Price of a typical UK home tops quarter of million pounds for first time

    From nationwidehousepriceindex.co.uk|Nov 3, 2021

    “Annual house price growth remained elevated in October at 9.9%, albeit marginally lower than the 10.0% recorded in September. Prices rose 0.7% in month-on-month terms, after ...

    Australia - inflation risks not so different

    From think.ing.com|Nov 3, 2021

    Just back from vacation and on opening my screens, things look notably different compared to how they looked before I went away a little more than two weeks ago. Perhaps the ...

    Rising Fed Rate Hike Expectations

    From cmegroup.com|Nov 3, 2021|2 comments

    •   Newer Stories
    Unemployment fell by 734 people in October, the first decrease this month in 46 years and...

    From mites.gob.es|Nov 3, 2021

    Registered unemployment in the offices of the State Public Employment Service (SEPE) has fallen by 734 (-0.02%) people in the month of October, an exceptional figure since it is ...

    More trouble ahead for erratic emerging market currencies - Reuters poll

    From channelnewsasia.com|Nov 3, 2021

    Emerging market currencies are headed for more trouble next year as mounting expectations the Federal Reserve will raise interest rates to quell inflation are set to keep the ...

    Employment And Unemployment (Provisional Estimates) - September 2021

    From istat.it|Nov 3, 2021

    In September 2021 the number of employed increased, while a drop was recorded for both unemployed and inactive people. On a monthly basis, the growth of employment (+0.3%, +59 ...

  • More
  • Story Stats
  • Posted: Nov 3, 2021 3:40am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 8  /  Views: 1,893
  • Related Stories
    Brave New World: Tracking Trade from Space
    From blogs.imf.org|Nov 2, 2021
    France expects U.K. to respect whole of Brexit deal: Attal
    From @sellvolbuytesla|Nov 3, 2021|1 comment
    NZD/USD Bounces on Strong Q3 Jobs Report, China PMI and Fed in Focus
    From dailyfx.com|Nov 2, 2021
  • More
Top of Page Default Page
Forex Factory Blog Updated: Alerting All Members
  • Facebook
  • Twitter
About FF
  • Mission
  • Products
  • User Guide
  • Media Kit
  • Blog
  • Contact
FF Products
  • Forums
  • Trades
  • Calendar
  • News
  • Market
  • Brokers
  • Trade Explorer
FF Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow FF
  • Facebook
  • Twitter

FF Sister Sites:

  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Forex Factory® is a brand of Fair Economy, Inc.

Terms of Service / ©2022