US Dollar Falls in Run-Up to Inflation Report
Last month saw the US dollar index falling below its important 100 level, amid reports about the greenback being on the “verge of decisive breakdown.”
Stay updated with breaking news from De Dollarization. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Last month saw the US dollar index falling below its important 100 level, amid reports about the greenback being on the “verge of decisive breakdown.”
The dollar could come under threat if the government doesn't "keep some discipline," the Blackstone CEO said after Fitch's downgrade.
The crippling sanctions imposed by the US on countries such as Iran and Russia have prompted them to look for ways to ditch the greenback that US uses as a “stick” against others, says an Indian journalist.
"Much is riding on how Washington uses the power that comes with the world's dominant currency."
China wants the yuan to play a more prominent global role but doesn't necessarily want it to be the world's dominant reserve currency right now.