Chain News Daily Today TheBitTimes.com

According to US dollar data from Market Watch, it has fallen 9.03% year-to-date. The Chinese yuan, on the other hand, has dipped by 1.68% year-to-date. The rapid decline of the dollar’s value has led to much concern among traders, investors, and economists. The USD’s lackluster performance has also reignited de-dollarization dreams. Source: Market Watch Yuan Gains On The USD As De-Dollarization Advances Source: Shutterstock According to a report cited by the South China Morning Post, the yuan internationalization index rose by 11% in 2024 to 6.06. The US dollar, on the other hand, got a score of 51.13 in 2024, down from 51.52 the previous year. Meanwhile, the euro fell 3.8% to 24.07 on the same index. The internationalization index measures a currency’s global use. The data alligns with the growing position of the Chinese yuan. According to the report, “ Promoting the yuan’s internationalisation and leveraging it to push for reform of the global monetary system i...

The US dollar is currently projecting a softening stance as compared to its global peers. President Donald Trump’s US tariffs have weakened the USD stance, promoting a fresh wave of de-dollarization to gain a hold of the market. This new wave is accompanied by a global ditching of the US dollar and assets while exploring alternative currencies as a hedge to secure one’s returns. In this process, certain currencies are winning against the greenback, delivering fresh blows to the American currency. Which currencies are topping the charts at the moment? Let’s find out. Also Read: De-dollarization: SCO Nations Shift 92% of Trade Away from U.S. Dollar US Dollar To Deteriorate Further Source: Watcher Guru The US dollar is expected to project a low price valuation in the future. This decay may happen gradually due to the rising US tariff tensions and uncertainty that Trump’s policies are subduing the dollar’s winning streak. “Tariff worries, recession risk, and U.S. fiscal policy c...

The Trump–Saudi nuclear pact has emerged as a geopolitical bombshell, with former President Donald Trump reportedly negotiating a sweeping energy and investment package worth up to $1 trillion. This Trump Saudi nuclear deal development comes amid a sharp collapse in ties with Israeli Prime Minister Benjamin Netanyahu, creating a Netanyahu–Trump fallout that’s reshaping alliances across the Middle East. As peace talks between Israel and Saudi Arabia stall, the region faces rising tensions. Although the Trump Saudi nuclear deal centers on infrastructure and nuclear energy, financial analysts warn that any realignment of power in the Gulf could ripple through global markets, including those tied to digital assets and energy security. Also Read: Senate Targets Trump, Musk in Explosive New Crypto Ban Bill Regional Risks Rise as Trump’s Saudi Move Sparks Geopolitical Shift Source: Middle East Monitor The Nuclear Energy Package Source: Utilities Middle East According to The Daily Guardian , t...

President Donald Trump has threatened BRICS countries with 100% tariffs if they continue to end reliance on the dollar. Trump stressed that goods entering the US will face a 100% tariff and the bill will be footed by BRICS. This comes after he announced the establishment of the External Revenue Service (ERS) which will collect tariffs and taxes from foreign countries. Also Read: Trump Directs Agencies for Emergency Steps To Reduce Cost of Living BRICS now needs to rethink their de-dollarization initiatives as Trump is coming at them harder. Imposing tariffs on goods entering the US will create a financial imbalance in the imports and exports sector. Businesses could take losses and find it hard to sustain in a competitive global market. “As a BRICS nation, they’ll have a 100% tariff if they so much as even think about doing what they thought (de-dollarization), and therefore they’ll give it up immediately,” said Trump to ANI. Also Read: BRICS Realize They Cannot...