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Tag: foreign exchange reserves

Reuters estimates that the PBOC will set the USD/CNY reference rate at 7.1961

Reuters has recently reported that the People's Bank of China (PBOC) is expected to set the USD/CNY reference rate at 7.1961. This news has...

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LD Capital: Institutions Are Buying on the Dip

Stock Market Overview Amid concerns over higher government bond yields, inflation, China's slowing economy, and its looming debt crisis, major global stock indices have seen...

Week Ahead – Powell’s Jackson Hole Speech will be Must-See TV – MarketPulse

US The main event for next week will be the Kansas City Fed’s Jackson Hole Symposium.  Fed Chair Powell’s speech will reiterate that more...

Reuters estimate suggests China’s PBOC likely to establish Yuan midpoint at 7.2023 per dollar

China's central bank, the People's Bank of China (PBOC), is expected to establish the midpoint for the yuan at 7.2023 per dollar, according to...

Pakistan gets lifeline from IMF with new $3 billion bailout

ISLAMABAD — The International Monetary Fund has agreed to provide $3 billion to Pakistan in badly needed relief to help bail out the impoverished...

US Dollar Dominance Is Coming to an End, Time For Chinese Yuan To Advance Has Arrived: CEO of Russia’s Second-Largest Bank – The Daily...

The chief executive of Russia’s second-largest bank says that the US dollar is on the verge of losing its role as the world’s dominant...

Unveiling the Thriving Commodity Markets in the Caucasus: A Closer Look at Azerbaijan, Georgia, and Armenia

The bustling world of commodity trading is a vital cog in the global economic machinery, shaping international trade and influencing market dynamics. In the...

Week Ahead – Time for the Fed but first, it’s US inflation – MarketPulse

US The main event of the week is the FOMC decision, but before we get there, the May inflation report should show that inflation...

De-Dollarization Now Evident As Central Banks US Dollar Reserves Drop to Record Lows: JPMorgan – The Daily Hodl

Financial behemoth JPMorgan says the trend of de-dollarization is gaining steam as central banks around the world unload their US dollar holdings. In a new...

US Dollar To Remain the Anchor Currency for Central Banks, Says Billionaire Chamath Palihapitiya – The Daily Hodl

Billionaire Chamath Palihapitiya remains firm in his belief that the US dollar will continue to reign as the world’s reserve currency despite the push...

The Carbon Brief Profile: Pakistan

Pakistan is one of the most vulnerable countries to climate change in the world. It is currently in the midst of a crippling energy...

Continued De-dollarization Sparks Hopes For Bitcoin Dominance

The U.S. dollar continues to wane as the global reserve asset, sparking hopes that bitcoin could soon replace the greenback. Alternative currencies are filling...

RBI dividends to Modi’s government may double, aiding fiscal gap

RBI dividends to Modi’s government may double, aiding fiscal gap The Reserve Bank of India board may decide to nearly double...

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