Fri, November 8

BRICS Alliance Set to Challenge US Dollar Dominance With New Currency

The BRICS Alliance reported that they are set to discuss the launch of a common currency used for international trade. This report comes ahead of their annual summit, which will take place this summer. The nations are continuing to put their efforts into degrading the U.S. dollar’s dominance in international

May 10, 2023 2 mins read

Stocks Surge Ahead of Fed Chair Jerome Powell’s Testimony

The U.S. dollar turned slightly up today as traders and investors await the Federal Reserve Chair Jerome Powell’s testimony ahead of the last week’s jobs report, which will probably determine how much further the U.S. central bank raises interest rates. According to the Federal Reserve government report, Fed Chairman Jerome

March 6, 2023 1 min read

U.S. Dollar Hits Two Decade Peak As Indian Rupee Reached Life-Time Low

DXY hit the 114.5 level and touched 2003 high. Sterling recorded an all-time low of $1.0387. The U.S. dollar currency index (DXY) overcame significant opposition to reach its highest level since July 2002. As sterling fell to a record all-time low, the dollar index kept surging and flipped the RSI

September 26, 2022 2 mins read