Here’s why China’s yuan will never be able to dethrone the US dollar

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Moe Zoyari/Bloomberg There's good reason why China wants to dethrone the US dollar with its yuan, or even a collective of other currencies. "The dollar's reserve status is a privilege that gives the US significant political, economic and market influence," TS Lombard said. But China's yuan has little to no chance at replacing the dollar, especially as its economy struggles. China's yuan has little to no chance of dethroning the US dollar, even as global de-dollarization happens at a slow and steady pace. That's according to a Wednesday note from GlobalData TS Lombard's Skylar Montgomery, who outlined why it makes...