‘Bombshell’ BRICS Payments Platform To Ditch US Dollar Gaining Support From Central Banks, Finance Ministries: Report
Central banks and finance ministries of all BRICS nations are discussing the launch of a new payments platform that would...
USA Dollar
India & Russia Take Major Step to Ditch the US Dollar in Trade
Following the continued de-dollarization efforts of the BRICS group, India and Russia have taken a major step to ditch the...
Gold Surges to $2,507 as US Dollar Weakens Amid Housing Data, Rate Cut Bets
Gold price (XAU/USD) sustained its strong bullish rally and remained well-bid around the 2,507.70 level, hitting an initial-day high of...
Russia’s Trade With Alliance Hits Record as US Dollar Takes Major Blow
The BRICS bloc has seen its trade with Russia hit a new record as the US dollar continues to struggle....
Myanmar’s Central Bank injects 100 million US dollar to aid fuel importers amid currency crisis
Since the military takeover in 2021, the kyat has plunged, making it difficult for importers to secure fuel shipments. The...
BRICS Drives Gold Price to All-Time High as Nations Ditch US Dollar
The price of gold has skyrocketed to a new all-time high, in part thanks to the efforts of the BRICS...
US Dollar Slips As Weak Housing Data Weighs Down
What’s going on here?The US dollar weakened against the yen and other currencies, as disappointing housing data left a mark...
Australian Dollar steady as hawkish RBA makes the Aussie gain interest
AUD/USD shows an increase, climbing to 0.6950. RBA’s Bullock was on the wires and maintained its hawkish stance. A weaker...
Materials Up as Dollar Weakens — Materials Roundup
Producers of metals and other raw materials rose as the dollar weakened against rival currencies. The unwinding of the "yen...
Dollar Slides and Gold Soars to a Record on Dovish Fed Comments and Soft US Housing News
The dollar index (DXY00) Friday fell by -0.50% on dovish comments from Chicago Fed President Goolsbee, who said the US labor market and some leading indicators on the economy are flashing warning signs. The dollar also retreated on Friday’s weaker-than-expected US July housing starts report. The dollar extended its losses Friday after the S&P 500 recovered from early losses and rallied to a 2-week high, curbing liquidity demand for the dollar. The stronger-than-expected University of Michigan’s Aug US consumer sentiment index was a positive factor for the dollar Friday. US...