Catenaa, Monday, May 12, 2-25- A wave of de-dollarization could hit global markets as BRICS nations and Asian economies consider shedding an estimated $2.5 trillion in US dollar reserves, according to financial insights shared with Bloomberg by Stephen Jen, head of Eurizon SLJ Capital. The move is seen as part of a broader shift favoring […]
Catenaa, Monday, May 5, 2025- Warren Buffett ended his storied tenure as CEO of Berkshire Hathaway on Saturday with a stark warning about the long-term health of the US dollar and a cautious outlook on American trade policies. Speaking at the company’s 60th annual shareholder meeting, Buffett hinted that Berkshire may increase foreign currency holdings […]
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, May 01, 2025-A Goldman Sachs analyst issued a stark forecast for the US dollar, warning its weakening trend will persist as BRICS nations pursue financial diversification. Kamakshya Trivedi, Head of Global FX at Goldman Sachs, said Thursday the US dollar’s decline is “here to stay,” citing shifting geopolitical dynamics and emerging economies’ growing […]
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 […]
Catenaa, Thursday, May 22, 2025- JPMorgan Chase Chairman Jamie Dimon said stagflation risk can’t be ruled out for the US economy as the country faces huge risks from geopolitics, deficits and price pressures. Speaking to Bloomberg on the sidelines of the lender’s Global China Summit in Shanghai on Thursday, he said they don’t agree that […]
Catenaa, Wednesday, May 21, 2025- Morgan Stanley has upgraded US equities to ‘Overweight’, citing resilient earnings, supportive monetary policy, and a weakening dollar as reasons. In its Mid-Year Global Strategy Outlook released on Tuesday, the investment banker projects the S&P 500 to reach 6,500 by the second quarter of 2026. The S&P 500 has recovered […]
Catenaa, Thursday, April 10, 2025- Chinese yuan fell to its lowest value in 17 years against the US dollar on Thursday, with China’s central bank cutting its daily reference rate for the sixth straight session. The yuan slipped to 7.354 per dollar in early trade—its lowest since 26 December 2007, It has lost about 1.2% […]