In recent years, the world has witnessed a significant shift in the global economic landscape. With the rise of China, Russia, India, Saudi Arabia, Iran and Japan as major players in the global economy, there has been a gradual shift away from the traditional reliance on the US dollar as the world’s reserve currency. In […]
Why are China, Russia, India, Saudi, Iran and Japan Dumping the Dollar
In recent years, the world has witnessed a significant shift in the global economic landscape. With the rise of China, Russia, India, Saudi Arabia, Iran and Japan as major players in the global economy, there has been a gradual shift away from the traditional reliance on the US dollar as the world’s reserve currency. In […]
Deutsche Bank shares slump 13% after huge spike in the cost of insuring against its default
This does note bode well for european banks. Deutsche Bank shares have plummeted 13% following a huge spike in the cost of insuring against its default. The world’s largest foreign exchange dealer is under intense scrutiny amid fears that it could be at risk of collapse. The German lender, which has struggled to turn around […]
Deutsche Bank shares slump 13% after huge spike in the cost of insuring against its default
This does note bode well for european banks. Deutsche Bank shares have plummeted 13% following a huge spike in the cost of insuring against its default. The world’s largest foreign exchange dealer is under intense scrutiny amid fears that it could be at risk of collapse. The German lender, which has struggled to turn around […]
China looks to weaken US dollar with petroyuan
China is looking to challenge the dominance of the US dollar by promoting the use of the yuan in crude transactions. The petroyuan, as it’s called, is gaining momentum, particularly after Russia’s invasion of Ukraine, which triggered a larger embrace of the yuan for oil sales. Moscow has since become an Asian nation and has […]
China looks to weaken US dollar with petroyuan
China is looking to challenge the dominance of the US dollar by promoting the use of the yuan in crude transactions. The petroyuan, as it’s called, is gaining momentum, particularly after Russia’s invasion of Ukraine, which triggered a larger embrace of the yuan for oil sales. Moscow has since become an Asian nation and has […]
Gold Prices Poised to Reach an all-time High and Stay There
Gold prices are expected to reach new heights as global banks struggle and the US Federal Reserve gears up for another interest rate decision. The precious metal could potentially break its all-time highs and remain at those levels, with some experts predicting gold will trade between $2,500 to $2,600 an ounce. Tina Teng from financial […]
Gold Prices Poised to Reach an all-time High and Stay There
Gold prices are expected to reach new heights as global banks struggle and the US Federal Reserve gears up for another interest rate decision. The precious metal could potentially break its all-time highs and remain at those levels, with some experts predicting gold will trade between $2,500 to $2,600 an ounce. Tina Teng from financial […]
Trade settlement is shifting away from the US Dollar and towards the Yuan and other currencies.
New global trade alliances are being established. Trade settlement is a critical component of global commerce, facilitating the exchange of goods and services between nations. For many years, the US Dollar has been the dominant currency for trade settlement, with many countries using it as a reserve currency. However, in recent years, there has been […]
Trade settlement is shifting away from the US Dollar and towards the Yuan and other currencies.
New global trade alliances are being established. Trade settlement is a critical component of global commerce, facilitating the exchange of goods and services between nations. For many years, the US Dollar has been the dominant currency for trade settlement, with many countries using it as a reserve currency. However, in recent years, there has been […]