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dollar

A collection of 7 posts

Will a gold-backed ruble make a big difference?

Will a gold-backed ruble make a big difference?

The question of the dominance of the US dollar in the global economy is an important one, certainly after the Russian invasion of Ukraine that is forcing Moscow to plan for a gold-backed ruble. The Bank of Russia has resumed gold purchases this week, but more importantly, the regulator is

This is why Russia is promoting the yuan

This is why Russia is promoting the yuan

With Russia being officially blocked off from both the US dollar and the euro, the state-owned VTB Bank has given its customers the option of opening Chinese yuan savings accounts with a maximum interest rate of 8%. Russia’s second-largest bank has been battered by Western sanctions aimed at completely

Limiting Russia's access to the dollar. What is the impact?

Limiting Russia's access to the dollar. What is the impact?

Washington, D.C. — What is the impact on Russia in the West limiting its reach to transact in the US dollar in a fresh wave of sanctions against Moscow? “The bottom line is that these sanctions will have a significant impact Russia’s overall economy, and average Russians will feel

Malaysia Highlights: Ringgit Strengthened

Malaysia Highlights: Ringgit Strengthened

The ringgit appreciated 0.24%, marking the third day of a winning streak, to 4.191. It was traded within the range of 4.201 and 4.1897 yesterday. The FBM KLCI closed in the green as it surged 0.91% to 1,564 amid mixed regional performances, led by

Global Highlights: Market expecting FED to raise key rate in March

Global Highlights: Market expecting FED to raise key rate in March

The dollar index slipped 0.09% to 96.171 while policymakers are ready for a reduction in the balance sheet. It is likely will start sometime after the central bank begins raising interest rates, given the outlook for the economy, labour market and inflation. Currently, the market is expecting the

Money Review: Investors Fled to Safety of Gov't Bonds

Money Review: Investors Fled to Safety of Gov't Bonds

The UST market was under selling pressure for the most part of the review week due to concerns on inflation but ended a winner with the emergence of strong buying interest on Friday as investors fled to the safety of government bonds amid fears around Omicron, a new Covid-19 variant.

Strong Dollar Brings Crypto Mayhem?

Strong Dollar Brings Crypto Mayhem?

A rising dollar against major currencies, along with a desire to lock in profits from cryptocurrencies, caused an overnight sell-off in the crypto market, says an analyst. The cryptocurrency market capitalization has dropped 7.5 percent in the last 24 hours to $2.66 trillion, shattering a long period of