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1 min read
Russia is reportedly receiving shipments of dollars and euros despite sanctions and efforts de-dollarize
Russia has received $2.3 billion worth of dollar and euro bills despite sanctions since March 2022,…
Jennifer Sor
2 mins read
The US dollar is jittery ahead of a big week, and there's more to it than the presidential election
The US Federal Reserve is holding its interest-rate meeting. China could greenlight more fiscal sti…
Huileng Tan
4 mins read
Putin has spent years championing the idea of de-dollarization — but a new reality is setting in
The Russian president said the BRICS group is trying to resolve payment issues with national curren…
Huileng Tan
2 mins read
Putin's dollar problem is on clear display at the BRICS summit, starting with the moment guests land at the airport
Mastercard and Visa halted operations in Russia. Most Russian banks only take US dollars or euros t…
Huileng Tan
1 min read
Russia's ruble hits the lowest level in a year against the dollar and the yuan
As a key Treasury license is set to expire this month, it could become a lot harder for Russia to t…
Jennifer Sor
1 min read
Russia shuts down dollar and euro trading after sweeping US sanctions take aim at Moscow's financial lifelines
Russians were lining up at one lender that was still offering dollars after trade was restricted fo…
Filip De Mott
3 mins read
Gold and some non-dollar currencies start to shine, but it's not all about de-dollarization
The US dollar is used in about 50% of all global payments and 84% of trade finance contracts — far …
Huileng Tan
2 mins read
Plans to seize Russian assets 'undermine' trust in the dollar and euro, Kremlin official says
Western plans to potentially use Russia's frozen assets to fund aid for Ukraine will be met with a …
Filip De Mott
2 mins read
Rupee moves upward for second straight session, rises 6 paise to 83.37 against US dollar in early trade
The rupee stayed on the upward track for the second straight session and appreciated 6 paise to 83.…
PTI
1 min read
India's forex reserves hit record $666.85 billion, driven by surging gold and foreign currency assets
India's foreign exchange reserves have surged to a record high, reaching a new peak of $666.85 bill…
ANI
2 mins read
Rupee plunges 45 paise to close at 83.59 against US dollar
The Rupee tumbled 45 paise to close at 83.59 (provisional) against the US dollar on Tuesday as the …
PTI
2 mins read
Russian FX trading is almost entirely in yuan as sanctions restrict dollar use
The Chinese yuan takeover comes after sanctions halted trading in the dollar and euro.
Filip De Mott
2 mins read
Rupee rises 3 paise to close at 83.33 against US dollar
The domestic unit finally settled at 83.33 (provisional) against the dollar, 3 paise higher fro…
PTI
2 mins read
Here's why the dollar is facing its weakest month in a year while the euro has hit 3-month highs
Investors expect the Federal Reserve to start cutting interest rates in 2024, which has sent the do…
Phil Rosen
2 mins read
At USD 642.292 bn, India's foreign exchange reserves hit all-time high
India's foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD …
ANI
1 min read
India's forex exchange reserves at over two-year high
The foreign exchange kitty rose for a third straight week to hit an over two-year high.
ANI
2 mins read
There's a 'stealth erosion' in global US dollar reserves, but there's no dominant replacement yet
The share of the US dollar in global forex reserves fell from over 70% in 2000 to about 55% in the …
Huileng Tan
1 min read
Forget the dollar, Argentina should adopt the euro as its currency, Nobel economist Paul Krugman says
The South American nation does almost twice as much trade with the EU as it does with the US, Paul …
Zahra Tayeb
2 mins read
How a Saudi pullback from a landmark US deal would be bad news for dollar dominance
The Atlantic Council is speculated what could happen to the dollar if a long-standing accord with S…
Filip De Mott
2 mins read
The biggest threat to the dollar isn't other countries but America's own dysfunction, think tank experts say
Although some foreign economies are trying to de-dollarize, US domestic instability is the real thr…