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RT @BloombergNews: Sanctions against Russia accelerate global shift away from U.S. dollar: http://t.co/VMG7dj03DO http://t.co/28l1hpDoet
August 07, 2014
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Russia Sanctions Accelerate Risk to Dollar Dominance
Related U.S. and European Union sanctions against Russia threaten to hasten a move away from the dollar that's been stirring since the global financial crisis. One place the shift has become evident is Hong Kong, where dollar selling has led the central bank to buy more than $9.5 billion since July 1 to prevent its currency from rallying as the sanctions stoked speculation of an influx of Russian cash.
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