6 / 17 Relevant items tagged with #USDollar

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Warren Buffett Sees No Alternative to US Dollar as Reserve Currency — Berkshire Holding $188 Billion in Cash

[May 6, 2024 3:21 PM] Warren Buffett, chairman and CEO of Berkshire Hathaway, asserts that there is currently no viable alternative to the U.S. dollar as the world’s reserve currency, suggesting that U.S. debt will remain acceptable “for a very long…

Price analysis 5/6: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA

[May 6, 2024 1:30 PM] Bitcoin is facing selling near the 50-day SMA, indicating that the range-bound action may continue for a few days.

Price analysis 4/29: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA

[Apr 29, 2024 11:46 AM] Bitcoin and altcoins are falling toward strong support levels, which appear likely to hold in the short term.

Former President Donald Trump’s Advisers Explore Penalties for Nations Ditching US Dollar

[Apr 28, 2024 5:13 PM] Former U.S. President Donald Trump’s economic advisers are reportedly devising strategies to deter nations from reducing their reliance on the U.S. dollar. Proposed deterrents include export controls, currency manipulation charges, and…

Japanese Yen Tumbles to 34-Year Low Against Soaring US Dollar

[Apr 28, 2024 8:22 AM] This week, the Japanese yen plummeted to its lowest point since 1990 against the U.S. dollar, weighed down by Japan’s monetary policy and uncertain economic indicators from the United States. Japanese Yen’s Rapid Decline Triggers Talk…

Nigerian Central Bank Governor Denies Using Forex Reserves to Defend Local Currency

[Apr 20, 2024 5:21 AM] The Nigerian central bank governor has refuted claims that the bank is using the country’s foreign exchange reserves to shore up the naira. The governor attributes the decline in reserves to debt repayments and other payments, which are made…

Morgan Stanley: US Dollar Has No Credible Challengers; Reserve Currency Status to Endure

[Apr 20, 2024 12:32 AM] The U.S. dollar is likely to remain the world’s dominant reserve currency due to the absence of credible challengers. Morgan Stanley suggests that the Chinese yuan, often considered a potential rival to the U.S. dollar, currently falls short and is…

South Korean Won Overtakes US Dollar as Top Currency in Global Crypto Trading for Q1 2024

[Apr 16, 2024 10:22 PM] In the first quarter of 2024, the South Korean Won surpassed the US dollar as the leading currency for global cryptocurrency trades, with a cumulative trade volume of $456 billion according to research firm Kaiko, reflecting a growing speculative…

Nigerian Central Bank Prohibits Use of Foreign Exchange as Collateral for Local Currency Loans

[Apr 10, 2024 2:34 PM] The Central Bank of Nigeria has barred the use of foreign exchange as collateral for local currency loans. In its April 8 letter addressed to banks, the CBN warned of severe consequences for banks that fail to comply with the latest directive…

Robert Kiyosaki Urges Ditching US Dollar for Bitcoin — Warns Boomers’ Retirements Going Broke as Paper Assets Crash

[Mar 30, 2024 5:26 PM] Rich Dad Poor Dad author Robert Kiyosaki has urged investors to ditch the U.S. dollar and buy bitcoin alongside gold and silver. He warned that “baby boomers’ retirements are going broke as paper assets crash.” The famous…

Peter Brandt: Bitcoin Vying to Replace Fiat Currencies as Primary Store of Value

[Mar 26, 2024 9:00 PM] Veteran trader and renowned chartist Peter Brandt says bitcoin is “vying to become the Level 1 ‘store-of-value’ standard replacing fiat currencies and government bonds.” He explained that fiat currencies, like the U.S…

Robert Kiyosaki Sees Bitcoin as ‘Perfect Asset at the Right Time’ — Calls US Dollar ‘Giant Ponzi Scheme’

[Mar 26, 2024 7:20 PM] Rich Dad Poor Dad author Robert Kiyosaki has answered multiple questions about bitcoin and the U.S. dollar. Declaring that he is a bitcoin bull, the famous author said the cryptocurrency “is the perfect asset at the right time.” While…

Argentina’s Greenback Love Is Being Substituted by a Bitcoin Rush

[Mar 22, 2024 5:30 AM] The popular savings strategy of exchanging pesos for U.S. dollars in Argentina is being substituted by bitcoin investments, which have had better performance lately. Numbers from Lemon, a local cryptocurrency exchange, indicate bitcoin purchases…

Economic Intelligence Unit: Nigerian Central Bank Lacks Capacity to Defend Local Currency

[Mar 12, 2024 5:30 AM] The Economic Intelligence Unit has stated that the Central Bank of Nigeria cannot halt the rapid depreciation of the local currency. The continued volatility of the naira is expected to result in erratic regulation, primarily affecting businesses…

Nigerian Users Criticize Binance for Imposing Exchange Rate Caps on USDT to Naira Transactions

[Feb 21, 2024 5:30 PM] Some Nigeria-based users of Binance’s peer-to-peer platform have blasted the crypto exchange’s decision to block or remove traders quoting USDT to naira exchange rates exceeding NGN1,802. Binance says it has the right to remove…

Nigeria’s Headline Inflation Increases as Central Bank Intensifies Foreign Exchange Controls

[Feb 17, 2024 2:30 PM] In the first month of 2024, Nigeria’s headline inflation rose from nearly one percent to 29.9%. However, on a year-on-year basis, the January 2024 headline inflation rate was 8.08 percentage points higher than the January 2023 rate. Many…

Bitcoin's Latest Rally is Different as BTC Rises Alongside U.S. Dollar and Treasury Yields

[Feb 16, 2024 5:30 AM] Bitcoin has managed to chalk out a double-digit rally recently, ignoring the strength in the dollar index and Treasury yields.

SEC Chair Gary Gensler Outlines ‘Very Real Economic Difference’ Between Bitcoin and US Dollar

[Feb 14, 2024 9:30 PM] U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has outlined a “very real economic difference” between crypto like bitcoin and fiat currencies like the U.S. dollar. “You have a whole central bank, and support…

Crypto Community Fires Back at Hillary Clinton’s Criticism of Bitcoin Undermining US Dollar as Reserve Currency

[Feb 12, 2024 8:00 PM] The crypto industry has responded to criticism from Hillary Clinton, who said that cryptocurrency can undermine the role of the U.S. dollar as the world’s reserve currency. Galaxy Digital CEO Mike Novogratz argued that the only thing that…

Russian President Putin Discusses Dedollarization — Calls US Dollar Weaponization a ‘Grave Mistake’

[Feb 10, 2024 8:30 PM] Russian President Vladimir Putin says the U.S. dollar is the main weapon used by the United States to preserve its power across the world. However, he stressed that when “the political leadership decided to use the dollar as a tool of…

Argentine President Javier Milei Rules out Dollarization Process in 2024

[Feb 8, 2024 3:30 PM] Javier Milei, the libertarian president of Argentina, has ruled out the possibility of applying his dollarization plan during 2024. In an interview with local media, Milei stated that while dollarization and the free convertibility of coins was the…

Nigeria Forex Crisis: Central Bank Removes Cap on Exchange Rate for International Money Transfer Operators

[Feb 4, 2024 3:30 AM] The Central Bank of Nigeria announced on Jan. 31 that it had removed caps on naira payout rates that international money transfer operators are allowed to quote. The central bank said the policy change is an effort aimed at further liberalizing the…

BRICS Meeting: Iran Pushes for Common Currency — China, Russia Prioritize Settlements in Local Currencies

[Jan 30, 2024 10:30 PM] The first BRICS sherpa meeting with 10 member states has kicked off in Russia with representatives from Brazil, Russia, India, China, South Africa, Saudi Arabia, the United Arab Emirates, Iran, Egypt, and Ethiopia. China, Russia, and Iran are all…

US Sanctions on Russia Similar to Planting a ‘Bomb Under the Dollar,’ Says Russian Analyst

[Jan 30, 2024 3:30 AM] The United States’ sanctions against Russia are undermining confidence in the U.S. dollar and may force other countries to ditch the currency, a Russian financial analyst has said. The analyst said contrary to the West expectations, the…

Nigerian Currency Plunges to New Low Versus the USD, Central Bank Governor Says Naira is ‘Undervalued’

[Jan 28, 2024 12:30 AM] The Nigerian currency reportedly plunged to a new low versus the U.S. dollar on the official market on Jan.25. Central Bank governor Olayemi Cardoso has said the naira is currently “undervalued” and that efforts are underway to rectify…

Amid Rising ‘National Divorce’ Talks, Exploring the Potential Impact on US Dollar in Hypothetical Second Civil War

[Jan 26, 2024 12:00 PM] In the wake of Texas Governor Greg Abbott’s latest declaration, emphasizing Texas’ inherent constitutional right to defend itself and pointing to the Biden administration’s lack of enforcement of federal immigration statutes, the…

IMF Chief Sees Crypto as Asset Class — Says Bitcoin Won’t Dethrone US Dollar as Dominant Currency

[Jan 15, 2024 7:00 PM] International Monetary Fund (IMF) chief Kristalina Georgieva sees crypto as an asset class, not money. She dismissed concerns of bitcoin potentially displacing the U.S. dollar as the world’s dominant currency, citing the size of the U.S…

Dollar’s Reserve Currency Status Is the United States’ Reward for Controlling the Seas – Billionaire Mike Novogratz

[Jan 15, 2024 4:30 AM] According to Mike Novogratz, the United States’ control of the seas enables it to maintain the dollar’s reserve currency status. Novogratz suggested that the U.S. and United Kingdom’s joint strikes on Yemen were necessary because…

Euro at 25: ECB President Christine Lagarde Calls Euro the ‘World’s Second Most Important Currency’

[Jan 3, 2024 6:30 AM] The president of the European Central Bank Christine Lagarde and fellow European Union leaders recently hailed the euro for its role in giving the bloc “greater sovereignty in a turbulent world.” The EU leaders added, however, that more…

Economist Warns the Demise of US Dollar Hegemony Is ‘Really Upon Us’

[Dec 29, 2023 12:30 AM] Economist Stephanie Pomboy has warned that the “demise of the U.S. hegemony is really upon us,” emphasizing that the Biden administration and many U.S. policymakers in Washington “are just sleeping right through it.” She…