Economic and political factors behind acceleration of de-dollarization
The U.S. dollar has been king in global trade for decades — not just because the U.S. is the world's...
Currencies
BRICS Currency Could End Dollar Dominance
Talk of de-dollarization is in the air. Last month, in New Delhi, Alexander Babakov, deputy chairman of Russia’s State Duma,...
The US dollar’s imminent death is greatly exaggerated
Opinion By Desmond Lachman Published April 23, 2023, 9:32 p.m. ET There are reasons to believe that the US dollar...
Big question with dollar under fire from rival countries and currencies: What happens to markets if the greenback loses its dominance?
Probably not yet, but the rapid unwinding of last year’s torrid rally in the U.S. dollar, combined with efforts in...
6 New Threats to the Greenback’s Reign
The dollar's supremacy in global trade faces fresh challenges as several countries float plans to use local currencies in commerce. ...
Central banks in a fragmenting world
Speech by Christine Lagarde, President of the ECB, at the Council on Foreign Relations’ C. Peter McColough Series on International...
Why the dollar remains the world’s reserve currency, and will stay that way
Recent talk that China, India and Russia are settling purchases of oil in non-dollar denominations has generated speculation that...
Brazil’s Lula criticises US dollar and IMF during China visit
The two countries have recently announced a deal to trade in their own currencies, dropping the dollar as an intermediary....
What the Lula-Xi partnership means for the world
He brought an entourage. Brazilian President Luiz Inácio Lula da Silva traveled to China this week along with dozens of...
Brazil’s Lula calls for end to dollar trade dominance
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Brazil’s president Luiz Inácio Lula da Silva has called on developing countries to work towards replacing the US dollar with their own currencies in international trade, lending his voice to Beijing’s efforts to end the greenback’s dominance of global commerce.Kicking off his first state visit to China since taking office in January, Lula called for the countries of the so-called Brics group of nations — which in addition to Brazil and China...