Lisa Cook vs the US government will hit the courts next week. The case comes as Australia's Reserve Bank governor, Michele Bullock, signs a letter in support of US Federal Reserve chair Jerome Powell, who is facing a criminal investigation in the United States.
A lot of countries have a sizeable proportion of their Reserve Assets in US Dollars, including Australia. They don’t want the US Dollar to be messed with.
A lot of countries have a sizeable proportion of their Reserve Assets in US Dollars, including Australia. They don’t want the US Dollar to be messed with.