Tag Archives: dollar

Stock market and dollar under pressure following soft US economic data

Stock market US dollar economic data

Shares and the U.S. dollar dipped on Monday while U.S. bond yields slumped to five-month lows after soft U.S. economic data hurt investor sentiment already frayed by worries over North Korea and coming French elections. That dwarfed any relief for market players after the U.S. Treasury department did not name …

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Trump’s dollar warning sends US currency tumbling

Dollar warning Trump US currency tumbling

President Donald Trump has triggered a sharp decline in the US dollar by criticizing the currency’s strength on the back of increased confidence in his presidency. “I think our dollar is getting too strong, and partially that’s my fault because people have confidence in me. But that’s hurting – that …

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Iran is preparing to ditch US dollar in international trade

Iran ditch US dollar international trade

After US President Donald Trump included Iran on a list of Muslim-majority countries facing a temporary immigration ban, Tehran responded by threatening to stop using the American dollar. Iran would either introduce a new common currency, in place of the US dollar, or use a portfolio of various currencies in foreign exchange and financial …

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US dollar continues to lose influence around the world

US dollar losing influence around world

From Filip Karinja, for Birch Gold Group For centuries, global reserve currencies have proven to have a shelf life of around 80 years. Us humans, living our relatively short lives, tend to overlook long-term trends. With the U.S. dollar acting as global reserve currency since the Bretton Woods conference following World War II, …

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ISIS declares the US dollar as its official currency

ISIS US dollar currency

ISIS may threaten violence against the United States and aim to rid the Islamic world of U.S. influence and U.S.-backed regimes, but if you want to do business in the group’s ersatz caliphate, you’d better have money backed by the full faith and credit of the U.S. government. The AP reports : Within …

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Iran to dump US dollar in oil trade, settle in euro instead

US dollar dumped oil trade

Iran wants post-sanctions’ oil contracts denominated in dollars and have buyers pay in euros, Reuters reported. Tehran is also keen to receive money owed to it since the pre-sanctions days in the European currency. The country’s crude deliveries are to be restored soon, with companies such as the French giant …

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China and Japan dump billions of dollars

Dollar being dumped Japan China

Over the past few years the dollar has staged an impressive comeback. Not because there’s anything fundamentally good about this currency’s future prospects, but because for the interim, most of the economies in world aren’t doing so hot. For a lot of investors, it is the lesser of many evils …

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Putin seeks to ditch US dollar from Russia’s domestic trade

Russian President Vladimir Putin

Russian President Vladimir Putin blasted the government for turning a blind eye on US dollar payments in the domestic oil trade. “I would like to mention one crucial issue in the development of the energy industry, and the economy as a whole. It is a question of finally stopping the …

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China calls for new global currency to replace US dollar

Gold Chinese Dragon

China is calling for a global currency to replace the dominant dollar, showing a growing assertiveness on revamping the world economy ahead of next week’s London summit on the financial crisis. The surprise proposal by Beijing’s central bank governor reflects unease about its vast holdings of U.S. government bonds and …

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Putin drafts bill to dump the dollar and euro

Putin Russia

Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar and the euro from trade between CIS countries. This means the creation of a single financial market between Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries of the former Soviet Union. “This would help …

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