In Currency the U.S. is Dominant, Europe is Fading, China Is Irrelevant For Now

Re:In Currency the U.S. is Dominant, Europe is Fading, China... by drone on Tuesday September 24, 2013 @07:58PM (#6441708)

I have a feeling that you did not read the article at all.

As it clearly states, nearly 44% of global currency trades are USD. Showing a 1.1% rise over the past three years, whereas the Euro is at nearly 17%, showing a 2.8% drop over the past three years, and the RMB shows a 0.5% rise to 1.1% over the past 3 years.

Which of those facts do you dispute, and what data set backs up your claim that this data is not true?

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Re:In Currency the U.S. is Dominant, Europe is Fading, China... by ohazi on Tuesday September 24, 2013 @08:54PM (#6441962)

Just a nitpick, but it's really a 1.1% and 0.5% delta. Saying that something is "showing a X% rise over N years" makes it sound like the quantity being measured rose by X%, which is not the case here. It's made more confusing because the quantity we're talking about is already a percentage, but still... The global RMB fraction has grown by 175% (despite remaining significantly lower than the USD fraction), while the USD fraction has grown by ~2.6%

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