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WASHINGTON (Dow Jones)--The U.S. dollar's dominance isn't over--at least not yet, a new report from the Center for Strategic & International Studies argues.
While the past year has been marked by calls for a shift away from the dollar as the world's reserve currency by countries including China--the U.S's largest creditor--the CSIS doesn't expect the greenback will lose its clout in the near future.
"It would be a mistake to conclude that China is ready to ditch the dollar anytime soon, let alone seek to replace the dollar with the renminbi as a reserve currency," researchers Melissa Murphy and Wen Jin Yuan wrote.
Think Tank Report Says Not To Count US Dollar Out Yet - WSJ.com
While the past year has been marked by calls for a shift away from the dollar as the world's reserve currency by countries including China--the U.S's largest creditor--the CSIS doesn't expect the greenback will lose its clout in the near future.
"It would be a mistake to conclude that China is ready to ditch the dollar anytime soon, let alone seek to replace the dollar with the renminbi as a reserve currency," researchers Melissa Murphy and Wen Jin Yuan wrote.
Think Tank Report Says Not To Count US Dollar Out Yet - WSJ.com
