dollar

The CEO of Investment Management Associates, Vitaliy Katsenelson, has voiced his concerns over former President Donald Trump‘s idea of a Bitcoin (CRYPTO: BTC) strategic reserve. What Happened: Trump had previously expressed his aspiration for the U.S. to become a “Bitcoin superpower...

The Republican National Committee has released a 20-point presidential platform, with Donald Trump vowing to maintain the US dollar’s status as the world’s primary reserve currency. However, a former Treasury economist has raised concerns that Trump’s fiscal policies could weaken...

In recent developments, Republican representatives have put forth a series of bills and resolutions aimed at honoring former President Donald Trump. The proposed honors include featuring Trump on the $500 bill and renaming an international airport in his name. What Happened: These largely symbolic...

Russian Finance Minister Anton Siluanov has warned that the potential seizure of Russia’s frozen assets is causing a decline in global trust in major Western currencies. What Happened: Siluanov, in an interview with RIA Novosti, expressed concerns about the trustworthiness of the dollar and...

El Salvador President Nayib Bukele, a well-known backer of Bitcoin (CRYPTO: BTC) has raised questions about the sustainability of the U.S. government’s capacity to print endless amounts of money. What Happened: On Monday, Bukele took to X, formerly Twitter, to raise concerns about the U.S....

In a recent tweet, Peter Schiff expressed concern over the declining U.S. Dollar Index and the Federal Reserve’s plans for interest rate cuts. Schiff’s tweet, posted on December 21, highlights the potential inflationary impact of these rate cuts, especially given the current technical...

Gold shares an inverse dynamic with the dollar. When the dollar goes up, gold moves lower — and vice versa. In recent days, however, this dynamic has become stressed. When the dollar moves lower, gold — which is denominated in the U.S. currency — has traditionally rallied as it becomes cheaper for...

Acclaimed economist Peter Schiff warned Tuesday about the potential impact of a rise in bond yields, oil, and gold. He referred to this as a “trifecta of doom,” indicating an entrenched inflation and dwindling confidence in the Federal Reserve and the U.S.’s fiscal solvency. #...

Noted economist and gold bull Peter Schiff on Wednesday issued a dire warning, as he took cognizance of the recent weak economic data. What Happened: “If Americans think the economy is bad now, just wait until they see what's coming,” Schiff said. The July month's “Job Opening and...

Russian President Vladimir Putin railed against dollar dominance and Western sanctions in a prerecorded speech at the BRICS summit. Putin, unable to attend in person due to potential arrest, called for increased use of local currencies for trade. Putin criticized the trade...

The Shanghai-based New Development Bank, established by the BRICS nations, is reportedly set to roll out loans denominated in the South African rand and Brazilian real, a strategic move aimed at reducing reliance on the U.S. dollar and fostering a more multipolar global financial...

Ahead of the upcoming 15th Brics summit, the creator of the Brics acronym, Lord Jim O'Neill, has labeled the idea of developing a common currency for the bloc as “ridiculous” and “unfeasible”. This statement comes as Brazil, Russia, India, China, and South Africa are set to...

On Wednesday, Robert Kiyosaki, the author of the best-selling book "Rich Dad Poor Dad," tweeted about a potential shift in the global financial landscape. He suggested that the BRICS nations (Brazil, Russia, India, China, and South Africa) might introduce a gold-backed currency, which could...

Investors are on standby for the Federal Open Market Committee (FOMC) meeting’s interest rate decision, due to be announced on Wednesday, July 26, at 2:00 p.m. ET. While the market has already fully priced in a 25-basis-point rate hike to a target range of 5.25%-5.5%, the Fed’s...

The USD/CHF is currently forming a descending wedge pattern, hinting at a potential turnaround and reversal in its downward trajectory. Over the past nine months, the USD has experienced a steady decline against the Swiss Franc, and it appears to be nearing the end of stage 4, preparing to...