Dollar to Remain Reserve Currency, John Taylor Says
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John Taylor, founder of the world’s largest currency-hedge fund, said the dollar will remain the global reserve currency even if the U.S. loses its AAA credit rating.
“There really is absolutely no alternative to the dollar in the next five to 10 years,” Taylor, chief executive officer of FX Concepts LLC, said in an interview on Bloomberg Television’s “In the Loop” with Betty Liu. Few investors see China’s yuan as a viable alternative, “and the euro is having a lot of trouble,” he said.