U.S. Survey: Chinese Yuan Biggest Threat to the USD; the World Needs One Global Currency; 8.6% Used BitCoin, 21% Don't Even Know What BitCoin Is

Vienna, Austria, August 6, 2015 (Newswire.com) - Survey conducted in the United States by FX Market Leaders has found that although the U.S. Dollar remains a top-choice currency for most of the population, new trends are slowly changing the status-quo.

Although 24% of the survey’s 104 respondents have never used any currency besides their own USD, 30% think that the USD will gradually weaken over time; 39% are worried about the future of the European Union’s currency, the EURO; and 20% believe that the Chinese Yuan currency threatens the USD today.

The most surprising responses came from the idea of a future global currency. A majority of 47.5% agree that the world will have one (24% - maybe in the future; 12.2% - surely in the future; 2.91% - now is the time to move to a global currency; 7.77% - we should have moved to a global currency long ago). Only 33% fully opposed to the idea of one global currency (“not now and not in the future”).

The Obama Administration’s influence over the USD is unclear, according to the survey’s respondents. While 29.81% said that Obama’s administration “had a positive impact” on the American Dollar, 23% think it “had a negative impact”, 8.65% think “it had no effect” and 38.46% admit they simply “don’t know”.

BitCoin might still be a mystery to 70.19% of Americans, who have never used it. However, 8.65% testify to have used it, and 1.92% of survey participants say they’ve used it “a lot”. The public’s awareness to the digital coin still has a way to go, since 21.15% still don’t know what BitCoin is.

“Our survey noted an interesting opinion pattern over the dominance of the USD dollars in the future”, says Ron Rabinov, chief editor for FX MarketLeaders, headquartered in Vienna. “Americans are feeling that the Chinese Yuan is a real threat to their Dollar, but 64% of them still believe that the USD will remain the dominant global currency in 2050”.

The survey has shown pessimistic approach to the Greek financial crisis among Americans today. Although 34% are positive that Greece will survive the crisis, 9.71% forecast that Greece will leave the European Union, and 17.48% predict the Greek company “will collapse”. Putting this data aside, it’s important to note that almost 36% of the survey’s respondents have said they can’t say anything about the future of the Greek economy.

The full survey data can be obtained by contacting FX Market Leaders’ press officer ([email protected]).

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