JPMorgan Chase Warns De-Dollarization Underway As Central Banks Ditch USD, Aggressively Stockpile Gold
JPMorgan Chase warns de-dollarization is accelerating, as central banks slash USD reserves while aggressively stockpiling gold. In a new note,...
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Could foreign currencies challenge the dominance of the dollar?
Lee Mielke | Farmers' AdvanceThe US dollar suffers its worst start to the year since 1973Just seven months into 2025,...
India’s forex reserves rebound to $702.78 billion after previous week’s dip
India's foreign exchange reserves (forex) witnessed an uptick of $4.8 billion to $702.78 billion for the week ending June 27,...
US dollar has worst first half in more than 50 years amid Trump tariffs
WASHINGTON: The US dollar has had its worst first half-year in more than 50 years, as the financial markets over...
Emerging Asia turns away from dollar as confidence in US fades – Firstpost
The US dollar, long considered the cornerstone of international finance, appears to be losing its lustre in Asia, as countries...
Good time for Asian currencies as US dollar suffers worst slump since 1973 – Firstpost
The US dollar has recorded its steepest half-year drop since 1973, plunging 10.7 per cent in the first half of...
BRICS nations’ interest in national currency trade is not de-dollarisation: MEA official
The US dollar will continue to exist in the global trade, said the official | Photo Credit: SUKREE SUKPLANG BRICS nations will work on increasing their understanding of the importance of having an alternative mechanism to do trade in national currencies to protect against geopolitical vulnerabilities, but the process is not the same as de-dollarisation, a senior MEA official has said “The dollar (US) will continue to exist in the global trade. It’s the most dominant currency. I don’t think there’s a competition there. It’s just that countries will look for...
Central Banks Reveal ‘Doubts’ About US Dollar Following Geopolitical Tensions – Here’s Which Currencies They’re Shifting Toward
A new survey of central banks suggests growing skepticism about the future of the US dollar and its role in the global economy. Analysts from the Official Monetary and Financial Institutions Forum (OMFIF) – an independent think tank organization concerned with central banking, economic policy and public investment – say there is a global shift away from the dollar and into other currencies, primarily the euro and the renminbi. In the 2025 edition of its Global Public Investor report, which surveys 75 central banks around the world, OMFIF says there...
US dollar’s monopoly to slowly end: Head of Russian bank
ST. PETERSBURGThe US dollar’s monopoly will slowly end as Washington is using it for political purposes, Andrey Kostin, CEO of the Russian VTB Bank, said in a recent statement.Kostin told Anadolu at the St. Petersburg International Economic Forum that sanctions imposed on Russia are illegitimate and the country is used to the treatment by the international community.“Sanctions are certainly bad, but we have to work regardless,” he said. Kostin stated that there has been a pause in sanctions on Russia during US President Donald Trump’s second term in office but...
UBS Calls Dollar “Unattractive” As Gold Becomes A Preferred Reserve Asset
American currency Dollar and Gold ingot combinations. Close up for dollar and gold ingotgetty The U.S. Dollar Index, when measured against a basket of other major currencies, has declined by approximately 10% this year through mid-June and is currently trading at its lowest level in three years. That’s no small dip, and there may be additional downside risk due to concerns over America’s growing deficit and the ongoing fluctuations in tariffs. U.S. dollar's value has sunk approximately 10% so far this yearU.S. Global Investors In a note to clients last...