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Why China and Russia are struggling to abandon the US dollar and forge a yuan-rouble deal

S.China Morning Post Tuesday, 15 January 2019
Russia and China plan to ditch the US dollar and switch to local currencies in international trade but yet another delay to a new system for yuan-rouble settlements shows just how complex it is to develop an alternative to the greenback. Russia, China and a number of other countries are aiming to cut their dependence on the US dollar, as Washington uses access to the dollar payment system as a weapon to punish nations and individuals for breaking US laws, even outside the United States. In...
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News video: Stocks Climb With China Stimulus, But Euro Slips

▶ Stocks Climb With China Stimulus, But Euro Slips 00:51

According to Reuters, Major world stock markets climbed on Tuesday, helped by hopes of more stimulus for China’s economy, while the euro declined against the U.S. dollar following weak German economic data. Stocks in Shanghai .CSI300 and Hong Kong surged almost 2 percent after U.S. President Trump...

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