China Tells

国情内参首席研究员巩胜利撰文指出，美元的跌势似乎还将继续（点击此处阅读原文）。目前看来美联储无意让美元回强，由此导致了一个极不情愿的强势欧元。同时美国政府似乎指望弱势美元作为美国走出经济衰退的良方之一。目前看来，美元在全球的领导地位受到严重挑战。在可预见的将来，全球贸易和金融很可能出现美元，欧元和人民币三分天下的局面。正所谓合久必分，分久必合，全球货币相对地位的变化应证了这一历史规律。当然人民币要想成为三强之一还有很长的路要走。

It seems that the downtrend of USD is likely to continue in the foreseeable future. The FED and government are happy to see a weak dollar and count on it to help the country walk out the most serious recession since WWII. Such a strategy put its trading partners such as JPN and EU in a difficult situation. However, every coin has two sides. The continual weakness of USD undermines its dominant status as the world trading currency. In the near future we are likely to see three strong regional currencies (USD, EUR, RMB) to be used frequently in international trade and finance.