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The dollar's dominance is here to stay as China's zero-COVID strategy hurts the yuan, a Morgan Stanley strategist says
9 days ago - By Business Insider
The dollar is the most important currency in the world. EVA HAMBACH/Getty Images
The dollar's global dominance is here to stay for a "very long time," according to a Morgan Stanley strategist.
James Lord told Insider that China's zero-COVID policy is denting the yuan's appeal, at least in the short term.
The US freeze on Russia's currency reserves has cast doubt on the dollar's reliability, but Lord said the fears are overblown.
The dollar will be the world's global reserve currency for "a very long time," according to a Morgan Stanley strategist who said China's strict zero-COVID policy...
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