How the U.S. Dollar Is Influenced by China
How the U.S. Dollar Is Influenced by China China directly affects the U.S. dollar by loosely pegging the worth of its currency, the renminbi, to the dollar. China’s central bank uses a changed version of a conventional fixed charge per unit that differs from the floating charge per unit the U.S. and plenty of alternative countries use. The People’s Bank of China The People’s Bank of China manages the … Read more