De-Dollarization: Even Businesses in China Are Hanging Onto Their USD
Despite discussions about de-dollarization, the US dollar still dominates global foreign reserves, according to IMF data.
Source: businessinsider.com
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The dollar's demise has been over-exaggerated
Dollar holdings actually gained last year among global reserves, casting a shadow over last year's de-dollarization narrative, ING said.
Source: yahoo.com
China-led de-dollarization gains traction among emerging economies ahead of BRICS summit
The American dollar's 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 week's BRICS summit.
Source: koreatimes.co.kr
Dollar Vs Ruble: Why Russian Currency's Rally Could Be Bad for Putin
Moscow's anti-crisis measures — such hiking interest rates to 20% — may have actually squeezed Russia's currency too high, analysts told Insider.
Source: businessinsider.com
Russian Ruble Tops Global Currencies in 2022 Despite Ukraine War, Sanctions
The Russian ruble has turned into the top-performing currency in global financial markets.
Source: theepochtimes.com