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The US dollar is currently in the middle of a rapid change. There are speculations of the world ditching the US dollar for good, but the recent stats have a different story to tell. These statistics have shown how the US dollar is unbeatable, and the criticism of the dollar via rising de-dollarization drives has only made it stronger. Despite facing multiple challenges, a new data Analysis tells that the US dollar is still the most dominant currency in the world, beating its competitors in an ever more dramatic way. Also Read: De-Dollarization in Africa Is Failing as Public Wants the US Dollar The US Dollar Is Still The Reigning Currency King Source: TheUanCapital.com The US dollar is currently being heavily challenged by its competitors. But the USD peers will have to double their efforts to truly derail the USD. A recent data report shared by the Kobeissi Letter confirms how the dollar remains undefeated despite the challenges that the currency has encountered in recent times. Per t...

Donald Trump is currently battling a wide range of administrative issues. His current priority is to be robust in the US economic aspects, and for that to happen, Trump has already proposed an international tariff strategy, the one that can help the US gain the upper hand and help make the US economy prosper in the long run. However, on a larger scale, Trump would need another policy hack, a simplification tool to solve a plethora of US economic woes, including quelling the fears of stagflation and inflation. As many great patrons have said, the complete way out always includes a crash first. Will the US consider the possibility of recession to end its economic woes at once? One portal thinks so. Also Read: FIFA Signs Partnership With Avalanche (AVAX) to Build Its Own Blockchain Does Trump Want a Recession? Source: Reuters Recession is always described as a temporary economic decline, a period of low productivity, as trade and economic activities are reduced during the time. The US’s t...

With the new presidential administration in place, all eyes are on the United States’ economic health. The country has not ceased to engage in some concerning geopolitical tensions while also championing its position on digital assets. Yet, one expert has recently stated that the gold price and silver have both sent a “very important message” on a potential US recession. The US dollar had been thriving following the inauguration of US President Donald Trump. However, the greenback has recently slid to reach a January low. That pushed the interest in gold higher, as the metal neared its all-time high price of $2,790 set in October of 2024. Moreover, there are expectations that it could be on a record trajectory as January comes to a close. Image Source: Pixabay Also Read: Goldman Sachs Revises Gold Price Prediction For 2025 Expert Warns Gold & Silver Send ‘Very Important Message’ Regarding US Recession Although the US dollar has been the world currency since...

The era of massive de-dollarization might finally be up for a halt as US elections have brought Donald Trump back into the US political domain. The 47th president of the United States had earlier made his stance known to the world by announcing an array of plans to protect the US dollar. His plans include imposing taxes on countries moving away from the dollar to protect the currency’s integrity. However, there are more policies in store, waiting to be unraveled, that may help the nation ascend high on the global radar. Also Read: Will Ripple (XRP) Surge Now As Trump Assumes Presidency: Here’s How Trump’s Ten Steps To Protect The US Economy: A Crypto Boom On Front The US elections have finally come to a historic end, with Donald Trump emerging victorious after defeating his competitors. Trump will soon be assuming his role as the 47th US president, ready to open his treasure chest of policies meticulously planned and discussed to protect the US economy. His plans include a compreh...

In a meeting that is massively important, the Federal Reserve has opted to leave interest rates unchanged at 5.25%–5.50% in July 2024. The US central bank has kept rates at its current 23-year high for more than a year. However, they are expected to begin cutting those rates in the coming months. The Fed has been consistent in its position regarding those highly anticipated cuts. It has held firm to its 2% inflation target, while adopting a wait-and-see approach to that figure coming into view. With inflation cooling and job gains slowing, those cuts are likely to happen soon. BREAKING: Federal Reserve leaves interest rates unchanged, remains at 5.25% – 5.50%. — Watcher.Guru (@WatcherGuru) July 31, 2024 Also Read: Federal Reserve Leave Interest Rates Unchanged in May 2024 Federal Reserve Leaves Interest Rates Unchanged as Cuts Near Entering 2024, the US interest rates were a massive point of discussion. After the Federal Reserve ended its year-long tightening campaign, Wall...

With ASEAN echoing calls for a multipolar world, a new nation has now joined this narrative to further injure the US dollar’s prestige. China has decided to ally with ASEAN nations to bolster the community prospects between the two groups and, at the same time, work towards common goals that assist in establishing a nuanced world order. Also Read: Currency: 3 Reasons Why US Dollar Days Are Numbered ASEAN and China: What’s Happening? Source: Beawiharta Beawiharta / Reuters / cfr.org In a recent roundtable address dubbed the 37th Asia Roundtable, China’s ambassador to Malaysia, Ouyang Yuijing, presented a new world perspective that ASEAN and China could collectively work on. Banking on the theme of “Crisis in an Interregnum,” Ouyang reiterated how China is keen to work with ASEAN to bolster and implement the three global initiatives. The intent behind spearheading such endeavors is solely focused on fostering long-term community development between th...

The US economy performed better than expected in September 2023, despite the onslaught initiated by BRICS against the dollar. The greenback is rising against all local currencies from the BRICS alliance, putting pressure on their import and export sectors. The recent development forms a contradiction to speculations of a recession as the economy is experiencing a slight recovery. Also Read: BRICS : Oil Prices Remain Under Pressure as U.S. Dollar Strengthens The job reports came above expectations, strengthening the US dollar against all other currencies in the foreign exchange markets. Now that the American economy is experiencing a slight relief, Bank of America CEO Brian Moynihan predicts the future of the US economy. BRICS: Bank of America CEO On the Future of the US Economy Source: NBC News The BOA CEO, Brian Moynihan, highlights that the bank’s financial strategists are expecting a soft landing for the US economy rather than a recession. “We won’t have a recessio...