Tag Archives: de-dollarization

Gold prices have been on a remarkable rally, recently reaching fresh all-time and historical highs. A confluence of technical indicators and fundamental factors suggests that this bullish trend may persist. Technical Analysis: A Strong FoundationThe recent price action has been characterized by a series of higher highs and higher lows, …

Gold is trading at $1877.54 per ounce at the time of writing, down by some -1.22%. traders are worried that the precious metal could fall further in the remainder of 2023. It is worth noting that gold demand in China has surged in 2023, with a 16% increase compared to …

“De-dollarization isn’t on top of my worry list,” International Monetary Fund’s (IMF) Managing Director Kristalina Georgieva said on Monday and added that the doesn’t see an alternative to the US Dollar any time soon.“There may be more vulnerabilities exposed in the banking sector,” Georgieva warned and further noted that they …

The prime minister of Malaysia claims that the US dollar is no longer required to attract foreign investment. According to data from the International Monetary Fund, the dollar made up more than 58% of the world’s reserves in the fourth quarter of last year, but the president of the European …

Interviewed on Dubai TV, Muhammad Hashad, Head of Research and Development at Noor Capital and the Member of the US Association for Technical Analysts, commented on the most important developments of global financial markets on the first day of the new trading week and most importantly what is happening in …

Most observers and analysts assert that proposals for de-dollarization can undoubtedly be detrimental to the US dollar. Once regarded as the sole currency for international trade, the American dollar is losing its appeal and being supplanted by other currencies. The United States today faces a growing wave of global de-dollarization …

USD/TRY navigates a narrow range around the usual 13.50/60 band on Wednesday. The pair remains sidelined around the familiar 13.50/60 territory for an additional session, extending the muted price action that kicked in in mid-January.The Turkish lira appears vigilant and follows the recent developments from a series of meetings between …