Asean+3 may add the Chinese and Japanese currencies into its buffer fund, a sign of Asian nations’ move to reduce reliance on the US dollar. Photo: Reuters

Is US-China trade war starting to erode US dollar dominance?

  • Asean+3 is considering adding yuan and yen to their regional forex reserves pool safety net
  • Analysts say shift to reduce US dollar dominance is underpinned by expectations that trade war will cause shift in consumption and investment patterns away from globalisation
Topic |   US-China trade war

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Asean+3 may add the Chinese and Japanese currencies into its buffer fund, a sign of Asian nations’ move to reduce reliance on the US dollar. Photo: Reuters
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