Market Bets on Yuan as De-Dollarization Picks Up Pace
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币界网报道：Market bets on the Chinese yuan are rising as global de-dollarization accelerates, with offshore yuan futures trading volumes surging to record highs. Analysts note increased hedging activity by multinational corporations and investors diversifying away from the U.S. dollar amid geopolitical tensions and U.S. debt concerns. The yuan's share in global payments hit 3.2% in August, while its weighting in the IMF's SDR basket was recently raised to 12.28%. China's push for yuan settlement in commodities trade and bilateral currency swaps with over 40 countries further supports the currency's internationalization, though dollar dominance remains strong at 58% of global reserves.
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