Tag: US dollar
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Navigating the Waters of De-Dollarization
China’s Digital Yuan and the Shifting BRICS Dynamics In a landmark move, China has successfully completed its first cross-border oil transaction using the digital yuan, marking a significant milestone in the ongoing global trend of de-dollarization. This development has been further accentuated by the recent inclusion of Saudi Arabia and the United Arab Emirates (UAE)…
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US Dollar Proves To Be The Best Choice In 2022, While Bitcoin Flounders In Last Place
£1,000 investments into 7 of the UK’s most popular investments from last year have been tracked throughout 2022 12, January, 2023, LONDON – The US Dollar has topped the Finder Investment Challenge in 2022, making it the first time in 3 years the Bitcoin hasn’t been the most successful choice. Every year, the personal finance comparison site follows the most popular…
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The US dollar is now overvalued against almost every currency in the world
In September 1986, The Economist weekly newspaper published its first-ever “Big Mac Index”. It was a light-hearted way for the paper to gauge whether foreign currencies are over- or under-valued by comparing the prices of Big Macs around the world. In theory, the price of a Big Mac in Rio de Janeiro should be the…