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China's yuan faces a cocktail of bearish headwinds even as Beijing scrambles to prop up the currency

Tue, 08/22/2023 - 10:50

JPMorgan strategists see reason to stay bearish on China's yuan. — JPMorgan strategists see reason to stay bearish on China's yuan.
China Photos / Stringer, Getty Images

Markets, mi-exclusive, Markets, China, china-economy, Currency, Yuan

The dedollarization drive is facing a confidence crisis as the yuan, ruble and Argentine peso simultaneously plummet, an analyst says

Sun, 08/20/2023 - 06:35

U.S. dollar notes are seen at a Kasikornbank in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha — U.S. dollar notes are seen at a Kasikornbank in Bangkok
Thomson Reuters

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

The biggest threat to the dollar is the US itself, top economist Benn Steil warns

Sun, 08/20/2023 - 05:00

US dollar — The US itself poses the biggest threat to the dollar's dominance, according to top economist Benn Steil.
(Photo by Xu Jinbai/VCG via Getty Images)

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

Forget the dollar, Argentina should adopt the euro as its currency, Nobel economist Paul Krugman says

Fri, 08/18/2023 - 05:16

Argentina peso/dollar — Nora Mazzini

Markets, MI Exclusive, Argentine peso, Paul Krugman, Dollar, US Dollar, De-Dollarization

With inflation soaring at 113%, Argentina should mothball its central bank and dollarize, top economist Steve Hanke says

Thu, 08/17/2023 - 09:57

FILE PHOTO: FILE PHOTO: Argentine one hundred peso bills are displayed in this picture illustration taken September 3, 2019. REUTERS/Agustin Marcarian/Illustration/File Photo/File Photo — FILE PHOTO: FILE PHOTO: Argentine one hundred peso bills are displayed in this picture illustration
Reuters

Markets, MI Exclusive, Argentine peso, Peso, Currency, Dollars, De-Dollarization

Russia's ruble spikes as Putin and officials mull ways to prop up the currency after it dropped below a penny this week

Wed, 08/16/2023 - 15:12

Tech Insider : Economy

Putin/Gerasimov — Russian President Vladimir Putin (L) and Chief of the Russian General Staff Valery Gerasimov (R) attend an expanded meeting of the Russian Defence Ministry Board at the National Defence Control Centre in Moscow, on December 21, 2022.
MIKHAIL KIREYEV/Sputnik/AFP via Getty Images)

Markets, MI Exclusive, Ruble, Russia, Russian Economy, Ukraine War, Putin

The idea of a BRICS common currency is almost 'embarrassing', says the economist who named the group

Tue, 08/15/2023 - 06:59

US dollar notes — CFOTO/Future Publishing via Getty Images

Markets, MI Exclusive, De-Dollarization, Currencies, BRICS, Dollar, Forex News

Russia's central bank bids to prop up the plummeting ruble by hiking interest rates to 12% at an emergency meeting

Tue, 08/15/2023 - 05:00

Tech Insider : Economy

russia central bank — The Bank of Russia raised interest rates to 12% Tuesday, in a bid to prop up the plunging ruble.
Hank5/Getty Images

economy, Markets, Currencies, Ukraine War, Russia, Russian Ruble, Vladimir Putin

China's struggling economy drags the yuan toward its lowest level of 2023

Mon, 08/14/2023 - 06:55

China Yuan — The Chinese yuan is trading close to its 2023 lows.
AP

Markets, MI Exclusive, Currencies, China, China Economy, Chinese yuan, US Dollar

Russian ruble hits 16-month low as currency takes a beating from Ukraine invasion

Mon, 08/14/2023 - 05:32

Russian President Vladimir Putin. — Russian President Vladimir Putin.
GAVRIIL GRIGOROV/SPUTNIK/AFP via Getty Images

Markets, MI Exclusive, Currencies, Ruble, Russia

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