The leader of China’s central bank made a clear though indirect critique of the dollar’s role as the world’s main currency.
Tag: US Dollar (Currency)
A Strong Dollar Means Bargains for Americans Traveling Abroad
The dollar’s strength against the euro, the yen and other foreign currencies means bargains for U.S. travelers.
U.S. and Europe Eye Russian Assets to Aid Ukraine as Funding Dries Up
Despite legal reservations, policymakers are weighing the consequences of using $300 billion in Russian assets to help Kyiv’s war effort.
Argentina’s Economy Depends on the U.S. Dollar. Can Javier Milei Change That?
Years of economic quagmire created an upside-down economy in Argentina. Javier Milei, a far-right populist, won the presidency this week by promising to blow it all up.
Iran’s Rulers, Shaken by Protests, Now Face Currency Crisis
Years of Western sanctions are partly to blame for the crisis. But economists say poor management by the country’s authoritarian clerical rulers also plays a big part.
Why Many in Argentina Continue to Bet on Cryptocurrency
Even though cryptocurrencies have lost value, many Argentines see them as a less risky choice than their own currency, whose worth has plunged as inflation has soared.
Western Sanctions Show Russian Vulnerability in Global Economy
Even countries with limited trade relationships are intertwined in capital markets in today’s world. Could the Russia sanctions change that?
Europe Struggles to Defend Itself Against a Weaponized Dollar
Despite warm words from Biden, U.S. secondary sanctions against Iran, Russia and others punish European companies and prompt new calls for strategic autonomy.
How Can Biden Bring Back Manufacturing Jobs? Weaken the Dollar
Critics of a strong currency say it hurts American factory workers by making imports cheap.
China Signals It Will Continue to Weaken Its Currency as Trade War Rages
The country’s central bank guided the renminbi past another key point, suggesting Beijing could weaponize it if Trump imposes more tariffs.