The U.S. Dollar, Loonie and the Hedge Conundrum
Summary: The U.S. Dollar (USD) has risen a lot lately against most currencies including the Canadian Dollar (CAD). There are...
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us stock market: US stocks facing an overdue drawdown, could fall by 5% in a matter of weeks, says BTIG’s Jonathan Krinsky, cites these reasons
There are chances that the US stock market could end up getting hit by an unprecedented crisis, as stocks are...
85% Trade Settled in Local Currencies, Not US Dollar
The BRICS alliance is advancing the de-dollarization agenda by using local currencies and rejecting the US dollar for trade. Russian...
Soaring US dollar sends South Korea, Thailand, Philippines, Japan reeling. But Singapore’s currency is still holding up
Markets across Asia were left reeling after the US Federal Reserve on Tuesday announced another sharp 75 basis point increase...
Local Currency That Challenged the US Dollar Fails, Dips 40%
Zimbabwe had recently launched a new currency named ZIG which was backed by gold. The gold-backed ZIG local currency was...
Putin Says Russia Is ‘Not Refusing, Not Fighting’ the Dollar
Russian President Vladimir Putin tempered expectations on de-dollarization at BRICS' summit.BRICS aims to use local currencies, not create a SWIFT...
Ringgit gains as investors flock to emerging market currencies
KUALA LUMPUR, Oct 25 — The ringgit extended positive momentum to trade higher against the US Dollar in the early...
BRICS Unveils Symbolic Banknote, Pushes for Local Currency Trade Amid Dollar Debate – Economy News
At the BRICS summit in Kazan, Russia, a symbolic BRICS banknote was unveiled, igniting discussions on reshaping global finance. The...
Rupee Ends Flat at 84.07 vs US Dollar
The Indian Rupee closed unchanged at 84.07 against the US Dollar on Monday, influenced by a strong dollar overseas and...
BRICS Settle 78% Oil Trade in Local Currencies, Ditch the US Dollar
Russia has sold nearly 78% of oil exports to its BRICS counterparts China and India between 2022 to 2023. The...
