Strong yuan no threat to dollar's reserve currency status, for now


Is it a preview of the new financial order, or merely a blip? Chinese exporters on China's border with Vietnam now prefer China's currency, the yuan, to the U.S. dollar.

"In recent years, the dollar has gone in only one direction and that is down," said China exporter Huang Xinyuan, who sells mining equipment and pesticides to Vietnamese customers, Bloomberg News reported Wednesday. "Settling our orders in yuan removes a major risk."