You Searched For "greenback" and got 19 results
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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
3 mins read
De-dollarization is a fad that will backfire on countries trying to move away from the greenback, currency expert says
Dollar dominance is sticking around for at least the next few decades, one currency expert told Bus…
Jennifer Sor
2 mins read
De-dollarized payment systems are cropping up. Here's why they're unlikely to dent greenback dominance.
"The emergence of the technological capacity to drive de-dollarisation does not necessarily mean de…
Filip De Mott
2 mins read
Rupee slips to a three-month low after the greenback’s sharp upward march
Indian Rupee slipped to a three-month low on Friday, after the dollar index gained sharply on accou…
2 mins read
Fed rate hikes have made borrowing greenbacks costlier and pushed more firms to de-dollarize, think tank says
Global firms had to find cheaper alternatives to dollar debt as the Fed raised interest rates, the …
Filip De Mott
2 mins read
Despite all the hype around de-dollarization, the greenback still reigns supreme
China, Russia, and several other countries have upped their efforts to unseat the greenback. These …
George Glover
2 mins read
BRICS-led dedollarization should alarm the US as new members could be most aggressive against the greenback, former State Dept. official says
"It is clear that traditional US allies, such as Egypt, Saudi Arabia, and the UAE, are already expl…
Filip De Mott
1 min read
Dedollarization suffers a blow as the greenback's share in global payments hits a record high
The international drive to end the dollar's dominance has suffered a blow, with the greenback's rol…
Zahra Tayeb
1 min read
Argentina is already dollarizing - these businesses have switched to greenbacks as the peso is worth a fraction of a penny
More apartments are listing rents in dollars, and menus at restaurants are pricing dishes in greenb…
Filip De Mott
1 min read
De-dollarization signs are emerging as the greenback slides in currency reserves, JPMorgan says
JPMorgan said "this trend is likely to persist but USD should maintain its large footprint for the …
Filip De Mott
3 mins read
The greenback is 'losing some influence' in the oil markets — and it means a partial de-dollarization is likely, says JPMorgan
A larger volume of oil is now being transacted in non-dollar currencies such as the Chinese yuan, J…
Huileng Tan
2 mins read
Forget de-dollarization - Argentina may adopt the greenback as its currency and abandon the peso
If Argentina adopts the greenback, it would become the biggest economy so far to dollarize, accordi…
Filip De Mott
1 min read
Weighed down by a strong greenback, Rupee falls 7 paise to 82.08/USD
The rupee has fallen 7 paise to reach 82.08 against the US dollar in the early hours of Wednesday. …
PTI
1 min read
De-dollarization won't happen anytime soon as 'it's not so easy' to beat the greenback, Indian minister says
The buck is likely to remain the dominant currency in international trade, India's oil and gas mini…
George Glover
2 mins read
Taking dollarization to the next level: Here's a look at countries using the greenback as local currency
Argentina's election of dollarization candidate Javier Milei puts it a step closer to adopting the …
Filip De Mott
1 min read
Janet Yellen hits back at de-dollarization after Brazil and South Africa challenge the greenback's dominance
The US Treasury chief backed the US currency's crucial role in international trade even as several …
George Glover
2 mins read
Rupee weighed down strong greenback, falls 27 paise to close at 82.05/USD
The Indian rupee fell 27 paise to close at 82.05 against the US dollar on Tuesday due to a strong g…
PTI
4 mins read
Rupee likely to touch 82 against the greenback
Indian rupee on Friday fell to a low of 81.27 against the US dollar in early trade on the back of m…
2 mins read
De-dollarization will be a vicious cycle as hyperinflation leads to higher rates that will further erode the greenback's power, think tank says
"As the reliance on US dollars diminishes, central banks will begin dumping their dollar reserves. …