Pozsar's Warning Of Dollar's Waning Sway Comes True

Pozsar's Warning Of Dollar's Waning Sway Comes True

By Ye Xie, Bloomberg Markets Live reporter and strategist

In a quick succession this week, Beijing unveiled ground-breaking deals to further its efforts to promote the yuan and ditch the US dollar. It’s the kind of thing money-market guru Zoltan Pozsar had in mind when he warned that the dollar’s central…