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Fortune
Fortune
Eleanor Pringle

The dollar doesn't have quite the pull it used to, S&P's chief economist says

A Chinese 100 yuan banknote and a 1 US dollar bill are lying on a table.

The power of the greenback may be beginning to fade and is being pushed down the global pecking order by the rise of the Chinese yuan, a top economist has warned.

Speaking during an S&P Global Ratings event in London, Paul Gruenwald the rating firm's chief economist, cautioned that the dollar "doesn't have quite the pull it used to." 

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