Trump Appointing A 'Shadow Chair' At The Fed Has Put Dollar Under Pressure, Meanwhile China Is Dumping The Greenback And Hoarding Gold

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China is accelerating its move away from U.S. dollar-denominated assets, with the share of U.S. Treasuries and the Dollar in the country’s reserves reaching its lowest levels in over a decade.

What Happened: On Thursday, The Kobeissi Letter, in a post on X, captured this dramatic shift, which began back in 2016 and has accelerated substantially in recent years.