Catenaa, Monday, May 12, 2025- In a significant shift, 11 countries from the Commonwealth of Independent States (CIS) have decided to reduce their reliance on the US dollar in international transactions, as part of a growing trend of de-dollarization. The decision follows rising global concerns over the weaponization of the US dollar, particularly under the […]
Catenaa, Monday, May 19, 2025-Asia’s richest investors are abandoning the US dollar in favor of Bitcoin, gold and Chinese markets, UBS executive Amy Lo said Tuesday, citing rising geopolitical instability and volatile markets as key factors driving the shift. Lo, co-head of UBS Asia-Pacific, revealed during a Bloomberg event that more than 15% of ultra-wealthy […]
Catenaa, Saturday, April 05, 2025-BlackRock CEO Larry Fink early this week warned that the US dollar’s world reserve currency status is not guaranteed, cautioning that digital assets like bitcoin could replace it if US debt continues rising. In his annual letter, Fink highlighted concerns over national debt outpacing GDP and government interest payments surpassing defense […]
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, 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, Wednesday, May 28, 2025- The dollar rose sharply Tuesday after President Donald Trump postponed higher tariffs on the European Union, a move that steadied global markets and prompted renewed dollar buying, while the yen slipped amid a sharp fall in Japanese bond yields. With US and UK markets reopening after a Monday holiday, currency […]
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, 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 […]