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Who benefits from a global dollar?
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By Andrés Velasco U.S. President Donald Trump believes that America should be primarily for Americans. In contrast, the U.S. dollar is available for global use. If the BRICS group of emerging economies decides to introduce a new currency, Trump would have tweeted , or “support any other currency as a replacement for the powerful…
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Taiwan currency’s surge a ‘warning shot’ for Asia’s de-dollarisation: analysts
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The recent rise in the value of the New Taiwan Dollar, coupled with the strengthening of other Asian currencies, indicates a growing trend. regional de-dollarisation As investors reassess their positions in the U.S. dollar due to Washington’s “highly exploitative” stance toward other nations, analysts commented. Countries such as Taiwan, which traditionally face significant risks…
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Who Gains from a Global Dollar?
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By Andrés Velasco US President Donald Trump thinks America is only for Americans. The US dollar, by contrast, is for everyone. Should the BRICS grouping of emerging economies create a new currency, Trump has tweeted , or “back any other currency to replace the mighty US dollar,” they will face 100% tariffs. The chairman…
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Asian Currencies Soar: A Crisis Reversed
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A surge in dollar selling across Asia is a worrying indicator for the US currency, particularly as the global leader in exports begins to reconsider the long-standing practice of channeling its substantial trade surplus into American financial assets. The strong performance of the Taiwanese dollar on Friday and Monday has created ripples, leading to…
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Dong Strengthens as the Dollar Takes a Dip Internationally
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On Monday morning, the U.S. dollar declined against the Vietnamese dong, continuing its downward trend against most significant international currencies. At Vietcombank, the U.S. dollar was traded at VND26,170, marking a decrease of 0.04% compared to the previous weekend rate. On the unofficial market, the dollar increased by 0.15%, trading at VND26,530. The State…