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In a meeting with Kitco Information, Michael Howell, managing director at CrossBorder Funding and also author of his brand-new publication Funding Wars, advised financiers that they can anticipate to see greater volatility over the years as China tests the UNITED STATE book currency standing.
" We have actually seen lots of instances over the years, over the decades of shifts in between dominant currency areas, whether it be from Sterling to the U.S. buck," he said. "These changes have a tendency to be rather volatile and difficult for monetary markets."
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Is gold the ultimate weapon in financial war? – CrossBorder Capital
In an interview with Kitco News, Michael Howell, managing director at CrossBorder Capital and author of his new book Capital Wars, warned investors that they can expect to see higher volatility over the years as China challenges the U.S. reserve currency status.
"We've seen many examples over the years, over the decades of transitions between dominant currency zones, whether it be from Sterling to the U.S. dollar,” he said. “These transitions tend to be quite volatile and challenging for financial markets."
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