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The dollar wiped out this year's losses over the past 2 months following a barrage of strong economic data

Sat, 09/09/2023 - 05:00

dollar bills — The US dollar has soared over the past two months thanks to a barrage of strong economic data.
Jordan Hart/

Markets, mi-exclusive, Markets, Currencies, us-dollar, dollar-dominance, us-dollar-index

China is pushing ahead with dedollarization, hoarding gold for a 10th straight month after slashing Treasury holdings to a 14-year low

Thu, 09/07/2023 - 12:11

A man places a gold bar in a locker in a vault at the precious metals dealer Pro Aurum. — A man places a gold bar in a locker in a vault at the precious metals dealer Pro Aurum.
Sven Hoppe/picture alliance/Getty Images

Markets, mi-exclusive, Currencies, dedollarization, China, Gold, gold-reserves

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

The greenback is 'losing some influence' in the oil markets — and it means a partial de-dollarization is likely, says JPMorgan

Tue, 09/05/2023 - 01:12

Tech Insider : Economy

One Chinese yuan bill lying on top of a US dollar bill. — A larger volume of oil is now being transacted in non-dollar currencies such as the Chinese yuan, JPMorgan said in its report.
Getty Images

Markets, economy, News, mi-exclusive, Markets, dedollarization, JPMorgan

Russia is becoming increasingly dependent on Chinese banks as its yuan borrowings more than quadruple

Mon, 09/04/2023 - 05:55

Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during a welcome ceremony before Russia - China talks in narrow format at the Kremlin in Moscow, Russia March 21, 2023. — Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during a welcome ceremony before Russia - China talks in narrow format at the Kremlin in Moscow, Russia March 21, 2023.
Sputnik/Sergei Karpukhin/Pool via

Markets, Markets, mi-exclusive, dedollarization, Currencies, Loans, De-Dollarization

The winners and losers from a so-so August that threatened to stop the 2023 stock market rally in its tracks

Sat, 09/02/2023 - 05:24

stock market traders — ANGELA WEISS/Getty Images

Markets, mi-exclusive, Markets, Stocks, Bonds, Currencies, China

China tries again to support its battered economy, bringing in new measures to boost the yuan

Fri, 09/01/2023 - 05:09

Tech Insider : Economy

Yuan — The Chinese yuan.
REUTERS/Stringer

Markets, mi-exclusive, Currencies, China, chinese-yuan, china-economy, china-markets-and-economy

De-dollarization won't happen anytime soon as 'it's not so easy' to beat the greenback, Indian minister says

Wed, 08/30/2023 - 05:27

President of Brazil Luiz Inacio Lula da Silva, President of China Xi Jinping, South African President Cyril Ramaphosa, Prime Minister of India Narendra Modi and Russia's Foreign Minister Sergei Lavrov pose for a BRICS family photo during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa, on August 23, 2023. — The leaders of the BRICS countries at a summit in Johannesburg, South Africa.
Gianluigi Gu

Markets, mi-exclusive, Markets, De-Dollarization, dedollarization, Currencies, dollar-outlook

The BRICS summit ended with no new currency and all 5 members issuing differing and contradictory commentary on de-dollarization

Mon, 08/28/2023 - 00:54

Tech Insider : Economy, Politics

President of Brazil Luiz Inacio Lula da Silva, President of China Xi Jinping, South African President Cyril Ramaphosa, Prime Minister of India Narendra Modi and Russia's Foreign Minister Sergei Lavrov pose for a BRICS family photo during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa, on August 23, 2023. — The BRICS summit wrapped up last Thursday with six new members but not a new currency.
Gia

economy, Markets, politics, BRICS, dedollarization, us-dollar, Currencies

Russians aren't the only victims of the ruble's implosion — the weak currency is also hitting migrant Central Asians who repatriate the cash

Thu, 08/24/2023 - 03:59

Tech Insider : Economy, Economy

A Kazakh woman is seen at her shop in Kazakhstan on May 16, 2019. — Central Asian economies are getting hurt by the weak Russian ruble too.
Mahmut Serdar Alakus/Anadolu Agency/Getty Images

economy, Markets, News, Russia, economy, central-asia, Currencies

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