eur/usd

Dollar Rally Fizzled Last Week As Flat CPI Lifted Rate Cut Hopes

by
Dollar Rally Fizzled Last Week As Flat CPI Lifted Rate Cut Hopes

A resurgence in the U.S. dollar, aided and abetted by the recent hawkish narrative from Fed speakers fizzled as October’s inflation readings showed inflation in the U.S. flat on a month-on-month basis. The immediate spurt in rate cut expectations it triggered resulted in the greenback plunging against the euro, the British pound, the Australian Dollar … Read more

Economic and political factors behind acceleration of de-dollarization

by
Economic and political factors behind acceleration of de-dollarization

The U.S. dollar has been king in global trade for decades — not just because the U.S. is the world’s largest economy, but also because oil, a key commodity needed by all economies big and small, is priced in the greenback. Most commodities are also priced and traded in U.S. dollars. But since the Federal … Read more