The Israeli strikes on Iranian military sites have created
fresh uncertainty in global financial markets. As a result, investors are
showing signs of risk aversion. This has led to modest gains for…
The Indian rupee edged higher against the US dollar on Wednesday after foreign banks initiated mild sell-offs in the markets. The move has helped the rupee and other leading Asian…
Nigeria has called on BRICS to switch to trading in local currencies and refrain from using the US dollar for cross-border transactions. During a meeting at the BRICS trade forum…
The US dollar is currently projecting a softening stance as compared to its global peers. President Donald Trump’s US tariffs have weakened the USD stance, promoting a fresh wave of…
BRICS member Russia is advancing the de-dollarization agenda with every alliance it is a part of, and convincing them to settle trade payments in national currencies. In the latest, Russia…
Taking a leaf from the BRICS playbook, several banks, brokers, and financial entities in Europe are receiving requests to accept local currencies and not the US dollar, reported the Luxembourg…
De-dollarization is gaining momentum in Asia as major companies are turning their backs on the US dollar and demanding local currencies instead. Large corporations and institutional funds are placing bets…
The currency dynamics are changing at a rapid pace, with calls to dump the US dollar gaining widespread momentum. In other words, the world is now filled with calls for…