USD - countries are acting

we don't want your dollars!

http://www.nationmultimedia.com/business/Yen-yuan-direct-trading-to-begin-on-Friday-30183064.html

May 2012
Beijing - China and Japan have agreed to begin direct-trading of their currencies from Friday, avoiding use of the dollar as an intermediary currency, the two governments said.

The direct currency trading was designed to promote bilateraltrade, facilitate the use of the yuan and the yen in international trade settlement, and lower the cost of currency conversion, the China Foreign Exchange Trade System said Tuesday.

The People’s Bank of China, China’s central bank, said it would support the "important step in strengthening cooperation between China and Japan in developing financial markets." The move followed an agreement to strengthen financial cooperation by Chinese Premier Wen Jiabao and Japanese Prime Minister Yoshihiko Noda in December.

China is Japan’s largest trading partner with bilateral trade valued at 345 billion dollars last year.
An estimated 60 per cent of trade between China and Japan is settled in US dollars, China’s official Xinhua news agency said.

Using the dollar as an intermediary, the yuan can be tradeda gainst the currencies of Japan, the European Union, Britain, HongKong, Malaysia, Russia, Australia and Canada, the agency said.

http://www.theaustralian.com.au/business/markets/direct-a-yuan-conversion-to-save-costs-treasurer/story-e6frg94o-1226423563725
July 2012
AUSTRALIA will discuss with Chinese officials the potential for direct conversion of the Australian dollar and the Chinese yuan for transactions completed in mainland China, Treasurer Wayne Swan said today.   
...
The Reserve Bank of Australia and the People's Bank of China signed a $30 billion currency swap line in March to support liquidity in Australian dollar-yuan trades.




http://www.bbc.co.uk/news/business-18545978
July 2012

China and Brazil have agreed a currency swap deal in a bid to safeguard against any global financial crisis and strengthen their trade ties.

It will allow their respective central banks to exchange local currencies worth up to 60bn reais or 190bn yuan ($30bn; £19bn).

http://www.zerohedge.com/news/usd-trap-closing-dollar-exclusion-zone-crosses-pacific-brazil-signs-china-currency-swap