Turkish Lira Plummets to New Low After Central Bank Slashes Rates Again
The Turkish lira fell to the lowest on record, after the country’s central bank once again slashed interest rates amid
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US Dollar
Taliban Bans All Foreign Currencies as Afghanistan Spirals Into Financial Crisis
US dollars will no longer be permitted in Afghanistan, after the Taliban announced it will be completely outlawing all foreign
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Crude Oil on the Rise Amid Weakening US Dollar
Global crude prices are on the rise once again, as equities markets gain momentum and the US dollar weakens. On
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US Consumer Sentiment Slumps to Decade Low Amid Delta Variant, Inflation Concerns
Americans’ optimism surrounding the recovery of the US economy slumped to the lowest in a decade, as concerns mount surrounding
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World’s Largest Pension Fund Cuts US Treasuries From Portfolio Amid Global De-Dollarization Trend
A major debt selloff around the globe may soon be en route, as the world’s largest pension fund slashed the
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Federal Reserve Holds Interest Rates Near Zero, Bond Purchases at $120B… Again
Alas, another FOMC meeting has come and gone, and interest rates are still at near-zero, and monthly bond purchases are
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China’s Foreign Reserves Jump to $3.22 Trillion Amid Weakening US Dollar
China’s foreign currency and gold reserves jumped by more than forecasted in May, amid a weakening US dollar. According to
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Russia Dumps ALL US Dollar Assets From Sovereign Wealth Fund
Russia’s sovereign wealth fund has decided to slash all of its dollar-denominated assets, as tensions continue to run high with
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Ray Dalio: Digital Yuan Will be More Competitive Than Digital Dollar as US Debt Levels Surge
According to Ray Dalio, China’s growing dominance in the global economy will put the yuan a lot closer to becoming
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China’s Central Bank Hikes FX Reserve Ratio in Effort to Weaken Yuan
Amid signs that the Chinese yuan is gaining considerable strength, the communist country’s central bank has decided to step in
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