Catenaa, Friday, June20, 2025-China central bank on Wednesday announced the creation of an international operations center in Shanghai for its digital currency, the e-CNY, as part of a broader push to extend the global use of the yuan in cross-border payments. People’s Bank of China Governor Pan Gongsheng unveiled the initiative at the Lujiazui Forum, […]

Catenaa, Monday, April 28, 2025-Deutsche Bank strategists warned last Thursday that the US dollar is poised for a major long-term decline, citing lasting reputational damage to the United States and shifting global dynamics.  George Saravelos and Tim Baker said preconditions for a major dollar downtrend are now in place, driven by the largest shift in […]

Catenaa, Thursday, June 18, 2025- A growing number of global exporters are abandoning the US dollar in favor of local and regional currencies, signaling a potential shift in global trade norms and raising alarms about the dollar’s long-standing dominance in international commerce. US importers report that suppliers abroad are increasingly demanding payments in euros, Chinese […]

Catenaa, Friday, May 16, 2025-Goldman Sachs has revised its outlook for the Chinese Yuan, forecasting the USD/CNY exchange rate to decline to 7.20 within three months, 7.10 in six months, and ultimately reach 7.00 over the next year. The bank’s updated projections reflect expectations that the yuan will steadily strengthen against the dollar. The firm […]