The Dominant Dollar Faces a Backlash in the Oil Market
An estimated 20% of global oil this year was bought and sold in other currencies as Russia and Iran sold cargoes to China and other buyers
Source: wsj.com
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U.S. trade deficit in goods widens in November for third straight month
The U.S. trade deficit in goods widened 0.8% to $90.3 billion in November, according to the Commerce Department’s advance estimate, released Thursday.
Source: marketwatch.com
China's Yuan Is Quietly Gaining Ground
Surge in the global use of the Chinese currency could complicate the impact of any future Western sanctions
Source: wsj.com
U.S. Warns Foreign Banks They Could Face Russia Sanctions
An executive order authorizes sanctions on foreign banks that even indirectly aid Russia’s ‘war machine’
Source: wsj.com
Mexico Posts $630 Million November Trade Surplus
By Anthony Harrup MEXICO CITY--Mexico registered a $630 million trade surplus in November, compared with a $123 million deficit in the year-earlier month, as...
Source: marketwatch.com