This news will have significant repercussions for the United States economy.  Editor

Brazil and China will work towards using their own currencies in trade transactions rather than the US dollar, according to Brazil's central bank and aides to Luiz Inácio Lula da Silva, Brazil's president.

The move follows recent Chinese challenges to the status of the dollar as the world's leading international currency.

 

Comments are closed

Sorry, but you cannot leave a comment for this post.

 
 
%d bloggers like this: