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Putin tells Russians there's no reason to panic as the ruble sinks, but analysts say its economy is in trouble

Fri, 11/29/2024 - 07:50

Tech Insider : Economy, Economy, Business

A close-up of Putin looking upward. — Russian President Vladimir Putin said there was no reason to panic about the ruble's slide.
REUTERS/Yves Herman

economy, trending-uk, economy, Russia, Ruble, russia-ukraine-war, military-spending

The much-speculated Chinese campaign to undermine the dollar by dumping Treasuries is a myth, expert says

Wed, 10/25/2023 - 06:06

china us flags — A US flag is tweaked ahead of a news conference.
JACQUELYN MARTIN/AFP/Getty Images

Markets, mi-exclusive, De-Dollarization, dedollarization, us-dollar, bond-market-crash, bond-yields

The 'blue dollar' is booming: Argentina's lust for the buck pushed its black-market rate up 60,000% since peso parity ended in 2002

Thu, 10/19/2023 - 06:37

Argentina peso/dollar — US dollar and Argentine peso notes.
Nora Mazzini

Markets, mi-exclusive, Markets, dollar-dominance, us-dollar, Argentina, argentina-inflation

Russia rolls out currency controls in a bid to revive the ruble, which has cratered against the dollar this year

Thu, 10/12/2023 - 07:07

Russia ruble ATM — Russia brought back some currency controls late Wednesday, in a bid to prop up the slumping ruble.
SOPA Images/Getty Images

Markets, mi-exclusive, Currencies, Russia, Ukraine, ukraine-war, Ruble

Iraq is set to fuel de-dollarization by banning the buck from being used in cash transactions, report says

Fri, 10/06/2023 - 04:22

FILE PHOTO: A picture illustration shows a 100 Dollar banknote laying on one Dollar banknotes, taken in Warsaw, January 13, 2011. REUTERS/Kacper Pempel/File Photo — Iraq is set to become the latest country to join the de-dollarization drive, according to Reuters.
Reuters

Markets, mi-exclusive, Markets, Currencies, us-dollar, De-Dollarization, dollar-dominance

Russia is using China's yuan to settle 25% of its trade with the rest of the world, report says

Thu, 09/28/2023 - 07:38

Russian President Vladimir Putin and Chinese President Xi Jinping attend a reception at the Kremlin in Moscow, Russia March 21, 2023. — Vladimir Putin and Xi Jinping attending a reception at the Kremlin in March.
Sputnik/Pavel Byrkin/Kremlin via REUTERS

Markets, mi-exclusive, Markets, De-Dollarization, dedollarization, us-dollar, china-yuan

The dollar jumps to a fresh high for 2023 as investors bet the Fed's inflation fight is nowhere near over

Tue, 09/26/2023 - 05:21

US dollar — The US dollar has racked up 10 straight weeks of gains, with investors betting the Federal Reserve will have to hold interest rates at a higher level for longer to crush inflation.
SimpleImages

Markets, mi-exclusive, Markets, Currencies, us-dollar, federal-reserve, interest-rates

The de-dollarization drive is spreading wider - Indonesia is the latest nation to join the anti-buck movement

Wed, 09/20/2023 - 11:57

US dollar — SimpleImages

Markets, mi-exclusive, Markets, De-Dollarization, us-dollar, Indonesia, dedollarization

Argentina's presidential candidate is already setting things in motion to dollarize the economy by rebuilding reserves

Thu, 09/07/2023 - 08:57

Argentine peso/dollar — AGUSTIN MARCARIAN/Reuters

Markets, mi-exclusive, Markets, Argentina, argentina-debt, argentina-inflation, Inflation

China's economic woes mount with the yuan hitting a 16-year low

Thu, 09/07/2023 - 07:36

Dollar vs. Yuan — Dollar vs. Yuan
ByoungJoo/Getty Images

Markets, mi-exclusive, Markets, Yuan, Dollars, Currencies, china-yuan

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