“National security and geopolitics are supplanting economics in shaping national and international interactions,” Mohamed El-Erian wrote.
The yuan now accounts for 48% of China’s cross-border transactions versus 47% for the US dollar.
Here’s what you need to know about the anti-dollar movement – and whether it’s really a threat to the buck’s dominance.
Sanctions “increased the perceived risk that those debt assets can be frozen in the way that they’ve been frozen for Russia,” Dalio said.
Several lawmakers in the U.S. have pushed back against the creation of a digital dollar by introducing legislation seeking to protect user privacy and ensure equal access.
Early on Sunday morning, Bitcoin and Ethereum both saw a modest rise in value, with BTC surpassing $20,000 and ETH reaching the $1,400 mark…
The US Dollar has given ground on Monday after the Federal Reserve hinted toward a less hawkish stance at their meeting next week. Where to for the DXY (USD) index?
Investing.com covers the latest forex news in the currency market and breaking financial news stories.
The story of financial markets and the global economy this year has been written in part by the dramatic rise of the US dollar, whose inexorable ascent has sent shockwaves around the world. At last, however, its breakneck rally could be coming to an end.
Both BSE Sensex and Nifty50- jumped more than 2 per cent each. Midcap and smallcap indices also ended in red, whereas fear gauge index India VIX slipped below 18-levels. On the sectoral front, buoyancy on the banking front combined with a buying in select IT, energy and FMCG majors kept the tone positive for most of the week. However, metals and media counters were disappointed. Seven key factors that will guide the markets in the truncated holiday bound festive week.