News Snapshot:
SINGAPORE – King Dollar is facing a revolt. Tired of a too-strong and newly weaponised greenback, some of the world’s biggest economies are exploring ways to circumvent the United States currency. Smaller nations, including at least a dozen in Asia, are also experimenting with de-dollarisation. In addition, corporates around the world are selling an unprecedented portion of their debt in local currencies, wary of further US dollar strength. No one is saying the greenback will be dethroned any time soon from its reign as the principal medium of exchange. But not too long ago, it was almost unthinkable for countries...
