Dollar on Pace for Worst Month of 2023 on Bets the Fed Is Done Hiking
The greenback's struggles could drag on into 2024 amid signs that the central bank is set to wind down its tightening campaign.
Source: businessinsider.com
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De-Dollarization: Suspected China Plot Vs. US Bonds Is a Myth, Expert Says
China's holdings of US bonds have hit a 14-year low - but that doesn't necessarily mean Beijing is deliberately shifting away from dollar assets, according to Lloyds Banking Group strategists.
Source: businessinsider.com
'Blue Dollar' Boom: in Argentina's Black Market, USD Rocketed 60,000%
On Argentina's forex black market, the dollar recently topped 1,000 pesos for the first time. The unofficial exchange rate is up almost 60,000% since 2002.
Source: businessinsider.com
Ruble Turbulence: Russia Rolls Out Forex Controls to Prop up Currency
Moscow is trying to prop up the slumping ruble, which has shed around a quarter of its value this year as the war in Ukraine rages on.
Source: businessinsider.com
De-Dollarization: Yuan Now Accounts for 25% of Russian Trade, Report Says
Moscow has been stoking the de-dollarization movement by refusing to settle contracts using so-called "toxic currencies".
Source: businessinsider.com