China's looking to reorder global oil trade by transacting with Saudi Arabia in yuan. The move could dampen the dollar's dominance.

Dec 13 2022 by Business Insider

 

Top of the morning, Opening Bell crew. I'm senior reporter Phil Rosen, rounding out my last few days in Manhattan before heading west for the holidays. 

If you pick one thing to watch today besides the World Cup (go Argentina), make it this morning's inflation report, due at 8:30 AM ET. 

Economists broadly expect this year's final Consumer Price Index reading to show inflation easing, but nonetheless running at triple what it was before the pandemic, about 7.3% year-over-year.

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Continue Reading China's looking to reorder global oil trade by transacting with Saudi Arabia in yuan. The move could dampen the dollar's dominance.