Brexit, coronavirus and the trade dispute with China are actually poison for traditional financial centers. But these are very tough.
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The traders on the New York Stock Exchange are far from running out of work.
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For around fifty years the international financial markets have rested on three pillars: New York, London and Hong Kong. They guarantee that the global dollar business runs smoothly around the clock. All other financial centers and currencies are secondary – neither Frankfurt, Paris and Zurich nor Shanghai, Singapore and Tokyo have the slightest chance of seriously challenging this global axis.
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