India’s debt-backed stablecoin challenge to US dollar dominance explained
As governments worldwide debate the merits and dangers of digital currencies, India appears poised to launch its own state-backed stablecoin...
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Rupee dragged by weaker Asian peers, held up by central bank line
The Indian rupee is set to open the week under pressure following weakness in Asian peers, while traders expect the...
IMF Issues ‘Currency Risk’ Warning As Countries Swap US Dollar Loans Into Yuan: Report
The International Monetary Fund (IMF) just issued a warning to countries converting their dollar loans from China into yuan. The...
Ringgit ends firmer on improved risk sentiment as US-China trade tensions ease
KUALA LUMPUR: The ringgit ended firmer against the greenback and major currencies today, supported by improved risk sentiment following the...
BRICS Nation Russia Accelerates De-Dollarization, Says 95% of Trade With China and India Now in Local Currencies
Russia is essentially sidestepping the US dollar for nearly all of its international trade, according to one of the BRICS...
Gold extends pullback after biggest ETF drawdown since May
Gold fell for a third day, descending toward $4,000 an ounce on investors’ concerns the market was overheating after a...
Ringgit ends flat against US dollar, higher versus major currencies
KUALA LUMPUR: The ringgit closed flat against the greenback on Wednesday amid cautious sentiment ahead of an anticipated meeting between...
Elon Musk Hails Bitcoin As Energy-Based Alternative to ‘Fake’ Fiat Currencies
Elon Musk is touting Bitcoin as an energy-based system that counters constant debasement from traditional currencies like the US dollar....
Opinion | Brics is slowly but surely chipping away at US dollar dominance
The United States’ use of its currency as a foreign policy tool has jolted much of the Global South. Sanctions,...
Ringgit strengthens against US dollar and major currencies ahead of national budget
KUALA LUMPUR, Oct 8 — The ringgit appreciated against the US dollar and other major currencies at the opening today,...
