India Not Replacing US Dollar for Trade: CEA: Rediff Moneynews
India is not pursuing alternatives to the US dollar for global trade, says CEA. BRICS considered local currency payments.New Delhi,...
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India must not concede on regulatory changes in trade deal with US – Economy News
Though India has stood firm on tariff concessions in its trade stand-off with the US, civil society organisations have cautioned that the government must also...
Reserve Currencies: There Is an Alternative to the Dollar — It’s the Euro
President Donald Trump’s mission to radically restructure the world economy is catnip to dollar doomsters, but raises few doubts for staunch believers in the currency’s primacy in global finance. All conversations about threats to the greenback’s role as the world’s reserve currency tend toward either imagining a collapse of American financial dominance, or stubborn shouts of TINA — There Is No Alternative. Far more likely is a slow grinding evolution into a world where different countries and currencies hold spheres of influence, a shift from the recent unipolar era. There...
Commentary: The world’s strongest currency is also super-competitive
For more than a decade, it has dominated a UN ranking of the most innovative economies, both for the resources it puts into innovation – for example through practical university education and research and development – and for its returns on these investments. It generates more than US$100 in GDP per hour worked – that’s more productive than any of the other 20 largest economies. Its decentralised political and economic system encourages the rise of small enterprises, which account for over 99 per cent of Swiss companies. It also has...
Dow, S&P 500, Nasdaq futures rise as Trump’s tariffs set stage for global trade shake-up
US stock futures rose as Wall Street braced for President Trump's announcement of new tariffs that stand to remake the global trade order. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) rose 0.2%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) jumped 0.3%. CBOT - Delayed Quote • USD As of 11:53:26 PM EDT. Market Open. YM=F ES=F NQ=F Stocks have cautiously ticked up this week ahead of Trump's big tariff reveal, which will take place at the Rose Garden at 4 p.m....
Global Currencies Challenge Dollar’s Dominance Amid Economic Shifts
On Monday, the dollar teetered near a five-month low against major global currencies, grappling with the impact of President Donald Trump's unpredictable trade policies and feeble economic indicators from the U.S.Meanwhile, Germany's recent fiscal strategies have infused optimism into the euro, pushing it to a value of $1.0905 and nudging it towards a peak seen last week. The Japanese yen also showed marginal gains, reflecting a broader trend where the dollar struggles against its main counterparts.Observers point to a shift in currency market sentiments, driven by revised expectations on...