Bloomberg: Many Exporters No Longer Want Dollars, US Bank Executive Says

“The change is difficult to quantify in real time, but in markets from East Asia to Latin America, a growing number of exporters are opting to denominate contracts in euro, yuan, or even local currencies,” said Karl Schamotta, chief market strategist at cross-border payments firm Corpay in Toronto. Bloomberg: Many Exporters No Longer Want Dollars, US Bank Executive Says