US Dollar – Page 16 – THE OVAL CIRCLE

US dollar grabs bigger share in global currency reserves, but broader trend indicates shift away from greenback

Posted on July 3, 2021July 3, 2021By Editor

The share of the US dollar held by global central banks totaled 59.5% from January through March, up from 58.9% recorded in the previous quarter, according to data revealed by the International Monetary Fund (IMF). … Read More >US dollar grabs bigger share in global currency reserves, but broader trend indicates shift away from greenback

Business

Ruble strengthens to 11-month high as Russia squeezes out US dollar from its economy

Posted on June 17, 2021June 17, 2021By Editor

The Russian ruble has hit the strongest level against the US dollar since July 2020, as global crude oil prices are on the rise and the country continues to eliminate dollar holdings from its currency reserves. … Read More >Ruble strengthens to 11-month high as Russia squeezes out US dollar from its economy

Business

Tourists told to leave dollars at home as Cuban banks will no longer accept greenback

Posted on June 13, 2021June 13, 2021By Editor

Cuba has asked tourists not to bring dollars with them to the Caribbean island, as the US currency will no longer be accepted in the country, according to the first vice president of the Central Bank, Francisco Mayobre Lence. … Read More >Tourists told to leave dollars at home as Cuban banks will no longer accept greenback

Business

Dumping the dollar: Russia gets ready to shift currency liquidity to the euro

Posted on June 8, 2021June 8, 2021By Editor

Russian authorities are planning to shift the nation’s currency liquidity from the US dollar to the euro, the country’s Finance Ministry announced on Monday. … Read More >Dumping the dollar: Russia gets ready to shift currency liquidity to the euro

USA

Trump Blames Biden Administration for ‘Humiliation’ US Currently Faces

Posted on June 6, 2021June 6, 2021By Editor

On Saturday, the former US president delivered a speech at a Republican Party convention in North Carolina, becoming the most anticipated speaker of the event amid recurrent hints that he could enter the 2024 presidential election. … Read More >Trump Blames Biden Administration for ‘Humiliation’ US Currently Faces

Business

US dollar weakens to 3yr low against Chinese yuan

Posted on June 4, 2021June 4, 2021By Editor

The US dollar has continued to depreciate, dropping to a three-year low versus the yuan on Monday as global investors look for safer assets amid China’s economic rebound from the Covid-19 pandemic. … Read More >US dollar weakens to 3yr low against Chinese yuan

Russia

Going for gold: Russia to eliminate US dollar from sovereign wealth fund THIS MONTH amid warning of politics sabotaging currency

Posted on June 4, 2021June 4, 2021By Editor

Russia’s sovereign wealth fund will take a punt on gold and slash $40 billion of US currency entirely out of its investment portfolio amid growing tensions with Washington, the country’s finance minister announced on Thursday. … Read More >Going for gold: Russia to eliminate US dollar from sovereign wealth fund THIS MONTH amid warning of politics sabotaging currency

Business

China’s foreign exchange reserves soar to $3.2 TRILLION

Posted on May 10, 2021May 10, 2021By Editor

Beijing has continued to increase its foreign exchange reserves – already the world’s largest – boosting them by $28.15 billion in April from a month earlier, to a total of $3.198 trillion. … Read More >China’s foreign exchange reserves soar to $3.2 TRILLION

Business

Russia slashes dollar & euro from reserves in favor of gold & yuan

Posted on May 7, 2021May 7, 2021By Editor

The Central Bank of Russia (CBR) said in its annual report that in 2020 it reduced the share of the euro, the dollar and the pound in the country’s international reserves in favor of gold, yuan and other currencies. … Read More >Russia slashes dollar & euro from reserves in favor of gold & yuan

Business

Weaker dollar & coronavirus surge boost gold’s safe-haven appeal

Posted on April 29, 2021April 29, 2021By Editor

Gold prices rose on Monday as the number of coronavirus cases globally continued to grow. Ahead of the Federal Reserve’s meeting, scheduled for his week, bullion was also given a boost, thanks to a weakened US dollar. … Read More >Weaker dollar & coronavirus surge boost gold’s safe-haven appeal