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US dollar

A collection of 5 posts

BRICS Hits Indian Glitches in New Currency Planned to Reduce Reliance on US Dollar

The implications of a BRICS currency on the dominance of the US dollar remain uncertain, as experts engage in debates regarding its potential to challenge the dollar's supremacy.

Why is there a fall in China’s RMB?

Why is there a fall in China’s RMB?

There is a fall in the RMB against the US dollar and this is the focus of analysts who are poking into the problem to find what is causing this devaluation of the Chinese currency? China is a key market focus since Russia invaded Ukraine, with the war triggering large

Global Market Highlights: Less Hawkish Powell

Global Market Highlights: Less Hawkish Powell

The dollar index fell 0.38% to 95.624 following Fed chair Jerome Powell’s remarks during his testimony before the Senate. His statement turned out to be less hawkish with no major surprises, reassuring investors that the US economy is ready for monetary tightening and the current Covid-19 surge

US dollar gasping for air - pummelled on Tuesday

FXTM Research Analyst Lukman Otunuga said the US Dollar is gasping for air while the Euro bulls is taking a breather and he explains that the greenback received a thorough pummelling on Tuesday. This after reports of Republican legislators failing to pass a revised healthcare bill rekindled concerns over Trump’

Tough road ahead

With the oil price continuing on its drop, since June 2014, with lowest price of USD 25 in early 2016. it is expected that the global oil price will remain low for several years if Iranian production and OPEC could not come into any decision to cut the oil supply.