Because dollar is undervalued.
China tried her best to make dollar cheap where two opportunities arise.
1. China to buy dollar cheap and keep a lot and sell upon gain
2. Other countries to buy dollar for safe reason.
3. China may try to raly yuan and other countries to use yuan, but there is no logic to do it.
4. It's either you are for or against USD. And usd is king. Don't bet against the dollar in the long run
China tried her best to make dollar cheap where two opportunities arise.
1. China to buy dollar cheap and keep a lot and sell upon gain
2. Other countries to buy dollar for safe reason.
3. China may try to raly yuan and other countries to use yuan, but there is no logic to do it.
4. It's either you are for or against USD. And usd is king. Don't bet against the dollar in the long run