EU boosts euro against dollar
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The Eurogroup urged boosting the euro’s role in capital markets, and the ECB widened central-bank access to euro liquidity to strengthen EU monetary sovereignty against dollar dominance.
Reposted by Juliet Johnson
Really excellent piece from @rajakorman.bsky.social, highlighting that the core barrier to the RMB rivaling the euro & the dollar as a major global reserve currency is that China's domestic financial markets are not remotely developed or globally integrated to the point that this is feasible.
February 16, 2026 at 5:40 AM
Really excellent piece from @rajakorman.bsky.social, highlighting that the core barrier to the RMB rivaling the euro & the dollar as a major global reserve currency is that China's domestic financial markets are not remotely developed or globally integrated to the point that this is feasible.