The world no longer needs a reserve currency
Xi Jinping wants the renminbi to become a reserve currency, with US economist Kenneth Rogoff predicting this week…
Fading US dollar trust threatens world economy, ex-IMF official warns
Dwindling global trust in the US dollar is one of the most prominent risks facing a vulnerable world…
Gold Hits Record Above $5,300 as Trump Dollar Comments Aid Rally
(Bloomberg) — Gold surged to a record high above $5,300 an ounce, extending a breakneck rally fueled by…
Trump Deepens Dollar Woes, Brushing Off Concerns About Slump
(Bloomberg) — President Donald Trump indicated he’s comfortable with the dollar’s recent decline, helping send the currency to…
Ray Dalio Doubts Any Central Bank Would Take On Bitcoin As Reserve Currency Despite Many Seeing It As Alternative Money: ‘There’s No Privacy’
Billionaire hedge fund manager Ray Dalio expressed skepticism Thursday that central banks will consider holding Bitcoin (CRYPTO: BTC) as…
Central banks ramp up buying at euro zone bond sales
Central banks have ramped up buying at euro zone bonds sales this year, data shows, in a positive…
Dollar Sinks and Gold Soars in Spiraling Trade War: Markets Wrap
(Bloomberg) — The dollar tumbled on concern its status as the world’s reserve currency is being eroded as…