Nobel economist Paul Krugman slams Brazil and Argentina’s joint currency plan, saying ‘it’s a terrible idea’
Russia and Iran plan a gold-backed stablecoin, while Brazil and Argentina seek a shared currency. Here are 5 rising threats to the dollar’s dominance of global trade.
The US dollar has fallen to a 3-month low after easing inflation in October dampened expectations for more big rate hikes
The US dollar will stay ‘stronger for longer’ against global currencies as the Fed commits to taming inflation, UBS says
Russian ruble jumps even as the US dollar slams other global currencies and Putin escalates the war on Ukraine
Here’s what comes next for the world’s top currencies as Fed moves and global growth fears weigh on foreign exchange markets
Putin says Turkey and Russia are nearing a deal for 25% of natural gas supplies to the country to be paid for in roubles
Paul Krugman says the dollar’s dominance means the Fed will do more damage to the global economy than other central banks in fighting inflation