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Chinese leader Xi Jinping has called for the Chinese yuan to become a global reserve currency, perhaps capitalizing on the dollar’s decline over the past year. Over the weekend, the ruling Communist ...
The value of the U.S. dollar in terms of the SDR is the reciprocal of the sum of the dollar values, based on market exchange rates, of specified quantities of the SDR basket currencies. See SDR ...
In a country roiled by political upheaval recently, retiring the longtime currency, the lev, prompted some concern about inflation but little other angst. By Lara Jakes and Boryana Dzhambazova ...
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
The flagship cryptocurrency continued to crater on Thursday, breaking through several key levels and crashing through $61,000 later in the day. Bitcoin is down by nearly 30% this week alone. This ...
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