A top economist warns the US dollar will 'no longer be the dominant world currency' as trade in Chinese yuan rises
A top economist chimed in on the ongoing debate on de-dollarization, warning that the allure of the US dollar is waning.
The greenback"doesn't have quite the pull it used to," Paul Gruenwald, the global chief economist at ratings agency S&P Global, said at a conference in London on Tuesday, The US dollar"will continue to be a leading world currency," Greunwald said, per Reuters. However,"it will no longer be the dominant world currency," he added.following sweeping sanctions against Russia that expelled the country from the US dollar-dominated global financial system.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
USD/JPY finds cushion near 142.00 as USD Index rebounds ahead of US InflationThe USD/JPY pair has sensed an intermediate cushion around 142.00 in the late London session. The asset has picked some strength as the US Dollar Inde
Weiterlesen »
USD/MXN retreats amid soft USD, market awaits US CPI dataUSD/MXN retraces from last week’s high of 17.3828, spurred by an improvement in market sentiment and broad US Dollar (USD) weakness, sparked by a fall
Weiterlesen »
GBP/USD hits YTD high amid USD weakness, cautiously eyes 1.3000 amid BoE speculationsGBP/USD climbs to a new year-to-date (YTD) high at 1.2867, amid overall US Dollar (USD) weakness, after the major printed a daily low of 1.2750. The G
Weiterlesen »
Gold Price Forecast: XAU/USD recovers from daily lows amid USD weaknessThe Gold spot price XAU/USD saw volatility on Monday and found support at a daily low of $1,912 and settled at $1,925. In that sense, US bond yields d
Weiterlesen »
USD/JPY struggles near multi-week low, below mid-141.00s amid weaker USDThe USD/JPY pair is seen oscillating in a narrow trading band, just below mid-141.00s during the Asian session on Tuesday and consolidating its losses
Weiterlesen »
EUR/USD sustains above 1.1000 as USD Index continues losing streak, US Inflation eyedThe EUR/USD pair is maintaining an auction comfortably above the psychological resistance of 1.1000 in the Asian session. The major currency pair has
Weiterlesen »