Fears that the US dollar will collapse are nonsense, and doomsayers are often hawking gold, investment chief says

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The dollar has surged this year while gold has remained stagnant

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De-dollarization has started, but the odds that China's yuan will take over are 'profoundly unlikely to essentially impossible'

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Dollar vs. Yuan
Dollar vs. Yuan

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Russia's economy is becoming more dependent on China as yuan purchases more than triple

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Russian President Vladimir Putin (L) and Chinese President Xi Jinping before a family photo session at G20 summit on June 28, 2019 in Osaka, Japan.
Russian President Vladimir Putin and Chinese President Xi Jinping.

Kim Kyung-Hoon - Pool/Getty Images

The dollar's dominance on the world stage isn't going away. Here's why.

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Happy Friday eve, readers. I'm Phil Rosen. As a financial journalist, I'm always trying to distill complex ideas into plain language (for my own understanding as much as yours). 

As for Opening Bell, I've found it helpful to remember that the stock market operates as a zero-sum game.

Like poker or chess, one player's win means another player's loss. 

Western sanctions have weakened the dollar's dominance as India buys Russian oil with other currencies

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Russian President Vladimir Putin speaks to employees of the Almaz-Antey Corporation's Obukhov Plant in St. Petersburg, Russia, Wednesday, Jan. 18, 2023.
Russian President Vladimir Putin.

Ilya Pitalev, Sputnik, Kremlin Pool Photo via AP

Here's why experts say Russia and China's attempts to 'de-dollarize' global markets are going nowhere

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Vladimir Putin Xi Jinping
Russia and China have deepened ties since the invasion of Ukraine.

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Russia's growing use of China's yuan is no threat to the dollar, and it could end up hurting Moscow's economy, think tank says

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Russia Vladimir Putin China Xi Jinping BRICS
Chinese President Xi Jinping with Russian President Vladimir Putin.

REUTERS/Wu Hong/Pool

The dollar's steepest slump in over a decade is stalling as the Fed stands ready to push ahead with interest-rate increases

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US dollar
The US dollar pictured.

(Photo by Xu Jinbai/VCG via Getty Images)

Paul Krugman says not to worry about the dollar weakening despite recent challenges to its dominance

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paul krugman
Nobel-winning economist Paul Krugman.

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Russia is aiming for $200 billion of trade with China as it backs 'no limits' partnership with Beijing

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Russian President Vladimir Putin and Chinese President Xi Jinping.

Reuters/Kim Kyung Hoon

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