Market Matters from New York Life Investments
Hosts Lauren Goodwin and Julia Hermann bring a fresh look at what matters for the economy, markets, and a multi-asset portfolio. Tune in for a weekly dose of what’s driving portfolio decision-making at New York Life Investments.
Market Matters from New York Life Investments
Reprising: Can China build a reserve currency to compete with the dollar? (August 21, 2023)
The BRICS (Brazil, Russia, India, China, South Africa) countries meet for a summit this week, prompting renewed questions about Dollar influence. Lauren Goodwin and Julia Hermann reprise their April episode discussing what exactly it takes for a country to build a reserve currency, and why they do not see the Chinese Renminbi as a credible competitor to the Dollar on a multi-decade timeline.