Buttafuoco's Memes N' Takes

Jefferson Lee discusses Trump's absymal interviews with Hannity and Doctor Phil, the necessity of National Divorce, Candace Owens's issues with The Daily Wire, and more!

shocking news, everyone "A net 18 percent of global central banks plan to increase their allocation to the dollar over the next one to two years in response to US interest rates remaining high, according to a report by the OMFIF. The move marks a sharp rise from a net 6 percent a year ago." "At the same time, demand for the renminbi has stalled among central banks, halting a trend of recent years when more central banks had aimed to add exposure to the Chinese currency." "A surge in dollar demand among reserve managers marks a break from a gradual decline in allocation to (the dollar) among central banks as the role of the US in global trade has waned." “'The fact the dollar is the most in-demand currency in the near term, whereas demand for the renminbi has flatlined, suggests that this broad narrative of de-dollarisation has at the very least stalled,' said Nikhil Sanghani, managing director at OMFIF." "Sanghani added that the strongest demand for dollars on a one- to two-year horizon was among central banks in Asia, while reserve managers in Asia and Latin America were most likely to plan reductions to their renminbi allocations." (not so shocking)