Currencies
Many Exporters No Longer Want Dollars, US Bank Executive Says
A worker operates a forklift to sort packaged goods destined for export, at a warehouse along the US-Mexico border in Ciudad Juarez, Chihuahua state, Mexico.
Photographer: David Peinado/BloombergWhen Paula Comings, the head of currency sales for US Bancorp, talks to US importers, she increasingly hears the same message: Their foreign counterparties no longer want to be paid in dollars.
Instead, they ask for settlement in euros, Chinese renminbi, the Mexican peso and the Canadian dollar, looking to limit their exposure to further swings in the greenback.