Tag: U.S. dollar

Saudi Crown Prince No Longer Interested in “Pleasing” the U.S.

The apparent deterioration in US-Saudi relations comes amid a recent worldwide trend toward de-dollarization with key, ascendent geopolitical actors, including but not limited to China, Russia, India, and Brazil all taking steps to reduce their use of the U.S. dollar.

Pound Plunge: Don’t Blame Kwasi

There was no ‘crash’ of the pound. The big rate increase by the Federal Reserve simply created an irresistible opportunity for investors to make some good money, and do it safely.

ECB Raises Interest Rates

When the ECB raises interest rates, all other things equal it increases demand for euros on the global foreign-exchange market.

Russia Trade Deal with India Dumps U.S. Dollar

Asian countries have long had a back-up system in place, independent of the dollar, for funding foreign trade. However, to date it has not been used for the financing of regular trade transactions.