Dmitry Dolgin News Today

Despite discussions about de-dollarization, the US dollar still dominates global foreign reserves, according to IMF data.

Dollar holdings actually gained last year among global reserves, casting a shadow over last year's de-dollarization narrative, ING said.

The American dollars dominance in global trade looks to be challenged by the expansion of an economic bloc involving China, according to research by ING that comes as talk of a currency union has turned heads in the lead-up to next weeks BRICS summit.

Moscow's anti-crisis measures — such hiking interest rates to 20% — may have actually squeezed Russia's currency too high, analysts told Insider.

The Russian ruble has turned into the top-performing currency in global financial markets.

The Bank of Russia kept the key rate at 20 per cent, citing inflationary risks and pointing at the budget as the tool to support economic growth, says ING.

Russia’s rouble was little changed on Friday after the country’s central bank kept its key interest rate unchanged as expected, while a recovery in the dollar…

USD: CPI at 7.5% YoY lets Fed expectations run wild Yesterday’s release of US January CPI has uncorked a rare vintage of Fed expectations. Arch-hawk James Bullard hit the wires late yesterday with the suggestion of 100bp increments in tightening and perhaps even some inter-meeting tightening. The market now prices 47bp of tightening for the ...

U.S. President Joe Biden says planned sanctions if Russia invades Ukraine would have "a devastating impact" on its economy. But after the Kremlin spent the

U.S. President Joe Biden says planned sanctions if Russia invades Ukraine would have "a devastating impact” on its economy, but economists say Russia is ready.