The yuan is not a threat to the US dollar because China is not a predictable or reliable market, former Treasury Secretary Larry Summers says

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Larry Summers
Lawrence Summers.

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Russian sales of weapons to India are being held up by a dispute over which currency to use

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Russian Sukhoi SU-30 SM military aircraft perform during the MAKS-2017 International Aviation and Space Salon in Zhukovsky, Moscow Region, Russia, on July 19, 2017.
Russian-made Sukhoi Su-30 fighter jet.

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Bangladesh to pay Russia $300 million in Chinese yuan for a nuclear plant loan

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Dollar vs. Yuan

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China wants the dollar's dominance to fade - and the US should defend its reserve currency status, Biden nominee says

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Dollar vs. Yuan
The US should defend the dollar's reserve status by raising the debt ceiling, according to Biden nominee Jared Bernstein.

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The anti-dollar drive spearheaded by Asia has spread to Europe, with France growing sour on the greenback's dominance. Here are 6 rising threats to the buck's supremacy of global trade.

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Dollar notes
100 dollar bills seen displayed.

(Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images)

Ray Dalio says fewer countries want to hold the dollar as China trade grows and Russia sanctions expose new risks

Tech Insider : Economy
Bridgewater founder Ray Dalio gestures in front of a blue and white background.
Bridgewater founder Ray Dalio.

Greenwich Economic Forum

The US dollar's outlook is complicated. Here's what to know about the currency's standing on the world stage.

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Good morning to everyone, especially to basketball fans on the east coast. I'm Phil Rosen — it's hard to keep up with the NBA playoffs here in New York with games running past midnight every night this week. 

For readers who, like myself, sit in the center of the Venn diagram between sports fandom and financial news, here's Insider's handy guide on how to stream every NBA game online. 

The dollar's dominance as a reserve currency eroded last year at 10 times the pace seen in the past 2 decades

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dollar

SOPA images

China will become the global economy's biggest growth driver in the next 5 years, doubling the US contribution, IMF says

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Chinese President Xi Jinping.

Jason Lee/Reuters

Nobel economist Paul Krugman says there's no real risk to the dollar - unless the US defaults on its debt

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Paul Krugman
Princeton economics and international affairs professor Paul Krugman listens during his introduction as the 2008 Nobel prize winner in economics at a new conference on the campus of Princeton University in Princeton, New Jersey.

Reuters/Tim Shaffer

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