Last Updated: September 30, 2026

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  • Tag: global finance

    China Challenges Global Dominance of the US Dollar

    Washington: A bipartisan group of US senators has reintroduced a resolution supporting the US dollar’s role as the world’s primary reserve currency, arguing that China is intensifying efforts to build a rival global financial system centred around the yuan. The resolution was introduced by Ted Budd and Jeanne Shaheen. The lawmakers said Beijing’s financial strategy.