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Yuan

This story is a bit old. It is from last Wednesday 23rd Feb 2011. However, it is a very significant piece of news, little reported outside of financial news services, such as The Australian Online Business section, which is a joint venture with the Wall Street Journal.

The bigger picture view from this article, is that the current de facto global reserve currency, the US Dollar, is seeing a secular trend away from it's usage in trade. This trend has been ongoing for a few years now starting at the margin, however, it is now gaining momentum. And as such...