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...In reality, a resumption of the currency wars of the 2000s and 2010s is unlikely to do much to reduce the US deficit nor undermine the dollar’s global role in bank funding, payment systems and reserves....
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...Asian currencies slid against the US dollar on Wednesday following hawkish remarks from a Federal Reserve official on Tuesday....
...this most recent currency introduction, how many currencies has Zimbabwe had in the last decade?...
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...The comments were an indication of their concern at the scale of the dollar’s gains against Asian currencies after US inflation data led markets to scale back expectations of Federal Reserve rate cuts this...
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...Total trading turnover across the six ETFs — including trading in US dollars, Hong Kong dollars and renminbi — came in at about HK$99.5mn (US$12.7mn)....
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...I continued writing about the trend after Covid-19, and following the war in Ukraine, which marked a pivot towards a more multipolar world as the weaponisation of the dollar caused emerging markets to rethink...
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