China’s renewed push to internationalise the yuan could mark a decisive moment in the global monetary order, according to Peter Schiff, Chief Economist and Global Strategist at Europac.com. In a wide-ranging interview with Rick Sanchez, Schiff argued that Beijing’s latest announcements — expanding currency swap agreements, promoting oil trade in yuan, and building a cross-border…
The dollar struggled to bounce back on Wednesday after suffering another round of selling, as fresh comments by President Donald Trump suggested he was comfortable with the currency’s recent decline. The US President’s remarks were further weighed on investor sentiment, keeping the greenback under pressure. At its core, the dollar’s strength rests on confidence —…
The US dollar has witnessed heightened volatility this week amid uncertainty and unpredictable US policymaking. The dollar is poised for its worst week since June as unpredictable US policymaking weighed on the currency. The dollar index, which measures the US currency against six units, was at 98.366 after dropping 0.58% in the previous session, on…
The Indian rupee fell to an all-time low on Wednesday, weighed down by risk-aversion as the Greenland dispute compounded existing pressures on the currency. The rupee opened at 91.08 against the US dollar. The local currency fell about 0.24% to a record low of 91.19. Source
