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1 min read
How Argentina's inflation fight made the peso the strongest currency in the world
Javier Milei's measures to tame Argentina's inflation have boosted the peso to the top, rising 25% …
Filip De Mott
2 mins read
The biggest threat to the US dollar is America's exorbitant debt load, JPMorgan says
The dollar's dominance could be eroded if the US doesn't address certain domestic issues, JPMorgan …
Filip De Mott
2 mins read
De-dollarization is 'a myth,' and there's no big shift taking place away from the US currency, commodities expert says
Practically no one is phasing out the dollar in trade or in foreign reserves, one leading commoditi…
Jennifer Sor
2 mins read
Bitcoin will surge 117% by year-end if 'crypto president' Trump wins the election, Standard Chartered says
Bitcoin will hit $125,000 by the end of 2024 if Trump wins, and a more moderate but still-record $7…
Filip De Mott
2 mins read
The market is acting like Harris won last night's debate against Trump
Trump Media and Technology Group stock plunged as much as 18% on Wednesday to a new record low sinc…
Matthew Fox
2 mins read
These 5 global currencies have tumbled this year as delayed rate cuts have supercharged the dollar
The US dollar index is trading at a six-month high as hopes of a Fed rate cut fade, and it's come a…
Filip De Mott
1 min read
Russian banks say they're run out of yuan as Chinese firms pull away from the nation
Payment scuffles between Russian companies and Chinese banks have escalated in recent weeks, with C…
Jennifer Sor
2 mins read
Stock market today: Indexes mixed as investors assess labor data ahead of Friday payroll report
Indexes were mixed on Thursday amid fresh labor data ahead of Friday's August nonfarm payroll repor…
Kelly Cloonan
2 mins read
Stock market today: Indexes end mixed as weak job openings fuel jitters ahead of August payroll report
There were 7.67 million job openings in July, the lowest number in over three years, according to d…
Jennifer Sor
3 mins read
The stock market chaos sparked by the yen last month could resume as rates rise in Japan, SocGen says
Japan's expected rate hikes could restart the unwind of the yen carry trade and impact US stocks, S…
Jennifer Sor
2 mins read
Rupee turns flat at 83.73 against US dollar in early trade
At the interbank currency exchange, the domestic currency opened at 83.74 and inched up to trad…
PTI
3 mins read
The 4 forces that will challenge the dominance of the dollar, according to economic researchers
The dollar's dominance in financial markets has slipped, with the greenback accounting for less tha…
Jennifer Sor
2 mins read
Russia is turning to crypto as sanctions snarl payments, report says
Russia could start cryptocurrency exchange trails as soon as next month, in order to solve payment …
Filip De Mott
2 mins read
Powell's rate-cut signal hits the US dollar — but strong stock markets could limit the blow, says Goldman Sachs
Strong US stock market performance could limit the dollar's downside — even if the Fed is easing, a…
Huileng Tan
2 mins read
Rupee recovers 5 paise from all-time low to 83.65 against US dollar in early trade
At the interbank foreign exchange market, the local unit opened at 83.66, and touched an early …
PTI
1 min read
India's forex reserves hit record $666.85 billion, driven by surging gold and foreign currency assets
India's foreign exchange reserves have surged to a record high, reaching a new peak of $666.85 bill…
ANI
3 mins read
5 reasons the strength of the US dollar is here to stay through end of the decade
Ed Yardeni dismissed the growing narrative of de-dollarization, noting that there's a host of reaso…
Matthew Fox
2 mins read
Here's why gold prices could climb even higher from current record levels
Gold prices hit a fresh record high, above $2,500 an ounce recently — making standard gold bars wor…
Huileng Tan
3 mins read
Gold and some non-dollar currencies start to shine, but it's not all about de-dollarization
The US dollar is used in about 50% of all global payments and 84% of trade finance contracts — far …
Huileng Tan
1 min read
Russian banks are grappling with liquidity issues as US sanctions choke supply of yuan
Yuan availiability is shriveling up in Russia as US sanctions have pushed Chinese lenders away from…