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Death of US dollar? China launches petro-yuan to challenge greenback’s dominance

March 27th, 2018
Categories: News

Link: https://www.rt.com/business/422314-petro-yuan-futures-dollar-death/

The highly anticipated yuan-backed crude oil futures have been launched in Shanghai. China is the world’s biggest oil consumer, with eyes on rival benchmarks Brent and WTI as well as the US currency; first time foreign investors can access a Chinese commodity market. The launch ends years of setbacks and delays since the country’s first attempt at listing the securities in 1993.

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