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What is a BRICS currency and is the U.S. dollar in trouble?
Aug 23, 2023 · Brazil's President called on Wednesday for the BRICS nations to create a common currency for trade and investment between each other, as a means of reducing their vulnerability to dollar exchange ...
Cash is leaving China again, pressuring yuan | Reuters
SHANGHAI/SINGAPORE, June 21 (Reuters) - A sliding yuan and extensive outflows of cash from the mainland into Hong Kong show China's domestic investors are shelving expectations for any immediate ...
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US dollar to remain world's reserve currency, Fed's Waller says
Feb 15, 2024 · Federal Reserve Governor Christopher Waller on Thursday laid out the case for the world's continued reliance on the U.S. dollar and the currency's dominance in international trade, a key advantage ...
Iraq revalues currency to 1,300 dinars per USD, state news agency …
Feb 7, 2023 · Iraq's cabinet approved a currency revaluation on Tuesday and set the exchange rate at 1,300 dinars per U.S. dollar, the state news agency reported.
Dollar tumbles on dovish Fed, euro gains as ECB talks down rate cuts
NEW YORK/LONDON, Dec 14 (Reuters) - The dollar fell to a two-week low against the euro and a more than four-month low against the Japanese yen in a broad based selloff on Thursday, after the ...
US dollar to weaken, but Fed rate cuts are required, say strategists ...
Jun 5, 2024 · Analysts have been predicting dollar weakness just around the corner for months. But the greenback has continued to extend its dominance against most major currencies, with the dollar index (.DXY ...
Exclusive: Iraq to end all dollar cash withdrawals by Jan. 1 2024 ...
BAGHDAD, Oct 5 (Reuters) - Iraq will ban cash withdrawals and transactions in U.S dollars as of Jan. 1 2024 in the latest push to curb the misuse of its hard currency reserves in financial crimes ...
Dollar rebounds as yields rise, consumer confidence improves
May 28, 2024 · The dollar gained on Tuesday, giving back earlier losses, as benchmark U.S. Treasury yields hit a four-week high following some weak auctions.