Deutsche Bank becomes first foreign yuan clearing bank in Europe

Re:Deutsche Bank becomes first foreign yuan clearing bank in... by WarmWash on Thursday August 13, 2026 @09:52AM (#49285993)

It seems that people forecasting the collapse of the dollar are mostly doing it from a social perspective i.e. "America is collapsing under the weight of private healthcare, anti-immigration, tariffs, and the erosion of our allies; the dollar is done for"

But the reality is that financial markets don't really have a soul, and just care about economics. By all accounts, the American economy is doing excellent right now and dollars are still in heavy demand.

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Re:Deutsche Bank becomes first foreign yuan clearing bank in... by watwut on Thursday August 13, 2026 @11:48AM (#49287780)

Its international strength is collapsing due to weight of Iran war, being untrustworthy partner, rupture from allies who supported it before and China going up. That means countries doing different long term strategic decisions, because they have no other reasonable choice.

Overall and overtime, that will weaken demand for dollar and what kind of trades other countries are willing to enter.

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Re:Deutsche Bank becomes first foreign yuan clearing bank in... by pocksuppet on Friday August 14, 2026 @04:05PM (#49303913)

But what holds the USD as the reserve currency any more besides network effect inertia? It used to be the most stable country and one of the most prosperous. Both no longer true.

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