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Yuan Jumps After Report on Saudis Weighing Its Use in Oil Deals
https://finance.yahoo.com/news/yuan-surg...07732.html
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Kokee, how?
No more collapse?
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No wonder Saudi King never picked up Biden’s call.
UAE also consider using RMB for oil trading with China….slowly more and more nations stop using USD for trading, see what Uncle Sam will do.
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Traders grappling for straws.
Why "jump" if Saudi going to accept RMB for their oil?
Unless Saudi is going to keep RMB as a reserve currency.