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Argentina will pay for Chinese imports in yuan instead of dollars to preserve its shrinking greenback reserves

Thu, 04/27/2023 - 05:13

dollar yuan — Argentina will pay for its Chinese imports in yuan instead of dollars to protect its greenback reserves.
Reuters/Petar Kujundzic

Markets, MI Exclusive, Argentina, Dollar, US Dollar, dollar movement, China

What is de-dollarization? Here's everything you need to know about rival countries' efforts to dethrone the greenback

Wed, 04/26/2023 - 08:18

putin xi — China and Russia have spearheaded the de-dollarization movement over the past year.
Kim Kyung-Hoon/Reuters

Markets, MI Exclusive, Currencies, US Dollar, Dollar dominance, De-Dollarization, China

Elon Musk warns against weaponizing currencies as the de-dollarization movement takes hold

Tue, 04/25/2023 - 07:32

A man holds up dollar bills in a money exchange office in Istanbul, Turkey. — A man holds up dollar bills in a money exchange office in Istanbul, Turkey.
YASIN AKGUL/AFP via Getty Images

Markets, MI Exclusive, Dollar, US Dollar, Currencies, India, China

Zimbabwe is bringing in a gold-backed digital currency with its own dollar ravaged by inflation

Mon, 04/24/2023 - 05:28

People queue to withdraw money from a bank as Zimbabwe introduces new currency in Harare, Zimbabwe, November 12, 2019. — People queueing to withdraw money from a bank in Zimbabwe in November 2019.
Philimon Bulawayo/Reuters

Markets, MI Exclusive, Currencies, Zimbabwe, US Dollar, Gold, Tobacco

China wants the dollar's dominance to fade - and the US should defend its reserve currency status, Biden nominee says

Wed, 04/19/2023 - 07:48

Dollar vs. Yuan — The US should defend the dollar's reserve status by raising the debt ceiling, according to Biden nominee Jared Bernstein.
ByoungJoo/Getty Images

Markets, MI Exclusive, Currencies, Dollar, Dollar dominance, China, Reserve currency

FTX could relaunch - and one of its former VC backers may lead a $250 million funding round to revive the failed exchange, report says

Wed, 04/19/2023 - 05:11

The logo of FTX at the entrance of the FTX Arena in Miami, Florida.

Marco Bello/Reuters

Markets, MI Exclusive, Currencies, Cryptos, ftx, FTX collapse, Sam Bankman-Fried

Sanctions against Russia could hurt the US dollar as countries like Iran and China seek alternative currencies for trade: Treasury Secretary Janet Yellen

Mon, 04/17/2023 - 05:23

Tech Insider : Politics, Economy

Treasury Secretary Janet Yellen. — Sanctions against Russia could hurt the US dollar as countries like Iran and China seek alternative currencies for trade: Treasury Secretary Janet Yellen.
Chip Somodevilla/Getty Images

News, politics, economy, US Dollar, Chinese yuan, Russia, Ukraine War

Ether surges past $2,000 and hits highest level since May after its new upgrade unlocks investors' crypto

Fri, 04/14/2023 - 05:22

Tech Insider : Crypto

Vitalik Buterin ethereum founder — Ethereum cofounder Vitalik Buterin.
Michael Ciaglo / Stringer via Getty Images

Markets, MI Exclusive, crypto, Currencies, Cryptos, Ether, Ethereum

The dollar slipped this quarter after surging in 2022. Its struggles could be a sign of things to come.

Fri, 03/31/2023 - 08:15

US dollar printing — The US dollar slipped under 1% over the past quarter – but analysts are warning there could be troubles ahead for the greenback.
EVA HAMBACH/Getty Images

Markets, MI Exclusive, Forex Outlook, Forex News, Dollar Weakness, US Dollar, Currencies

Dollar slumps as banking crisis chips away at its haven status and makes further Fed rate hikes a coin flip

Thu, 03/23/2023 - 07:47

Vanishing dollar bill — The US Dollar slumped as the regional banking crisis rattled markets.
Getty Images

Markets, MI Exclusive, Currencies, Dollar, US Dollar, DXY, Federal Reserve

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