Right now, we’re seeing a shift in the global trading system to move away from the US-dollar dominance in financial transactions. The latest development occurred between China and Brazil. While visiting China this week, Brazilian President Luiz Inácio Lula da Silva prioritized trade talks, ...
The largest reason for this belief that the US dollar is safe from being done away with is because there is nothing viable to replace it with.But the reality is, the US should be concerned. Not only is our dollar rapidly losing value, but many countries are not admiring the US as they...
The reason is simple to understand: the US dollar is losing its value thanks to Bernanke. France is simply looking after its own interest because there is BIG money to be made in direct trades with China and on being a hub of Europe’s Renminbi trading center. If France does not act fa...
The Bloomberg Dollar Spot Index has dropped 10% from its peak in late March as investors responded to the pandemic and efforts by central bank and government officials to contain the economic fallout. All of the world’s major developed currencies have gained against the dollar as have precious...
1 United States Dollar equals 139.27 Japanese Yen USDJPY Candlestick Chart People Asking About the U.S. Dollar (USD) and Japanese Yen (JPY) What is USDJPY? USD/JPY is the currency pair that shows the value of the US Dollar against the Japanese Yen. The left side of the pair is called...
except for the Chinese RMB, have been gaining share, while the dollar has been losing share, and the euro’s share has remained stable. It’s not one currency that’s gaining against the dollar; it’s that a lot of “nontraditional reserve currenci...
China’s renminbi keeps losing ground, after initial progress. But the tiny “other” reserve currencies combined are taking share from the USD. ByWolf RichterforWOLF STREET. The US dollar has been the dominant global reserve currency for decades, amid many global reserve...
According to data from the Commodity Futures Trading Commission, hedge fund bets against the dollar in futures markets are at theirhighest levelin about ten years. Meanwhile, Goldman Sachs currency strategists havewarnedthat the dollar is in danger of losing its status as the world’s reserve ...
EUR/USD trades deep in red below 1.0300 after strong US jobs report EUR/USD stays under bearish pressure and trades below 1.0300 in the American session on Friday. The US Dollar benefits from the upbeat jobs report, which showed an increase of 256,000 in Nonfarm Payrolls, and forces the pa...
Gold Falls Despite a Weakening Dollar MT Newswires 01/06 09:29 Update: Gold Trading Lower Even as the Dollar Falls Off the Highest in More Than Two Years MT Newswires 01/03 14:00 Gold Edges Down Even as the Dollar Falls Off the Highest in More Than Two Years MT Newswires 01/03 ...