🇮🇱🇨🇳#CNY #yuanization #dedollarization #USD #reserves #fx #israel #macro
Israel’s central bank has made the biggest changes to its allocation of reserves in over a decade. Added yuan for the first time, reduced U.S. dollar share to lowest over 17 years - BBG
Israel’s central bank has made the biggest changes to its allocation of reserves in over a decade. Added yuan for the first time, reduced U.S. dollar share to lowest over 17 years - BBG
🇷🇺🇹🇷#russia #turkey #dedollarization #macro
BBG: Turkey took a further step toward reducing its dependence on the US dollar, as it entered an understanding with Russia that allows Turkey to abandon the greenback for some of its imports
BBG: Turkey took a further step toward reducing its dependence on the US dollar, as it entered an understanding with Russia that allows Turkey to abandon the greenback for some of its imports
🌕#gold #markets
FT: Central bank gold purchases = Max since 1967
#dedollarization Central banks hoovered up gold at a historic rate in 1H 2022, a move many analysts attribute to a desire to diversify reserves away from the dollar after the US froze Russia’s reserves — FT
FT: Central bank gold purchases = Max since 1967
#dedollarization Central banks hoovered up gold at a historic rate in 1H 2022, a move many analysts attribute to a desire to diversify reserves away from the dollar after the US froze Russia’s reserves — FT
❗️🇨🇳🇧🇷#china #brazil #dedollarization
Brazil and China have reportedly struck a deal to ditch the US dollar in favor of their own currencies in trade transactions
#USD #fx
Brazil and China have reportedly struck a deal to ditch the US dollar in favor of their own currencies in trade transactions
#USD #fx
🇺🇸#dedollarization #sentiment #world #macro
Goldman: are we approaching the end of the dollar reserve currency system
#USD #fx
Goldman: are we approaching the end of the dollar reserve currency system
#USD #fx
✴️🇺🇸#dedollarization #USD #fx #crypto #us #macro #opinion
the real threat to the US dollar doesn't come from the new BRICS currencies, but from digital dollar-backed stablecoins and other tokenized cryptocurrencies. Crypto "dollars" won't collapse the global financial system, but they could disrupt the cozy greenback-based settlement system. A separate threat comes from Hong Kong-based cryptocurrency companies and exchanges with direct ties to the Chinese Communist Party (CCP), which has long sought to overthrow the US dollar.
#debt weakening of the dollar's dominance in global trade and finance will lead to an increase in the cost of funding the extensive US debt.
— FT
the real threat to the US dollar doesn't come from the new BRICS currencies, but from digital dollar-backed stablecoins and other tokenized cryptocurrencies. Crypto "dollars" won't collapse the global financial system, but they could disrupt the cozy greenback-based settlement system. A separate threat comes from Hong Kong-based cryptocurrency companies and exchanges with direct ties to the Chinese Communist Party (CCP), which has long sought to overthrow the US dollar.
#debt weakening of the dollar's dominance in global trade and finance will lead to an increase in the cost of funding the extensive US debt.
— FT