A slew of nations recently announced they will begin moving away from the U.S. dollar when trading key products, and some are openly promoting a new movement to ditch the dollar for the Chinese yuan. The new movement in “de-dollarization” could deeply impact America’s role as the world leader, and damage its ability to sanction…
LIVE 4/11, at 10:30 AM ET: Countries Begin Dropping the Dollar; Fed Launches First Stage of Digital Currency
April 10, 2023
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Elon Musk Sounds Alarm About US Dollar: ‘Serious Issue’
Telsa and Twitter owner Elon Musk this week sounded the alarm about the primacy of the U.S. dollar as the world’s reserve currency following a deal between the Chinese regime and Brazil to trade in their own currencies. “The US dollar is losing its reserve currency status,” Genevieve Roch-Decter, a former small-cap money manager, wrote…
In the Name of Confucius | Documentary
January 20, 2023
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“In the Name of Confucius” is the first documentary film exposing the growing global controversies surrounding the Chinese regime’s multi-billion dollar Confucius Institute (CI), a Chinese language program attaching to over 1,600 foreign universities and schools around the world. Featuring the exclusive personal story of a former CI teacher, Sonia Zhao, whose defection and complaint…
US Dollar Likely Has Further Upside Versus Yen Despite BOJ Move: Goldman
December 22, 2022
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NEW YORK—The Bank of Japan, which widened the trading band for 10-year Japanese government bonds (JGBs) on Tuesday, may have inflicted damage on the dollar against the yen, but Goldman Sachs analysts said there was further room for the greenback to rise. On Tuesday, the dollar plunged as much as 4 percent against the yen,…
Will a Dollar Decline Be Good for Stocks?—Part 1
Commentary Will a dollar decline be good for stocks? It is an interesting question, given that during 2022 there was a significant non-correlation between the dollar and the stock market. The strong dollar rally was something I suggested could be a problem for stocks, given what happened in 2020. It was a running debate with…
Strong US Dollar Will Rev up Global Mergers and Acquisitions
Commentary Relative strength of the U.S. dollar is expected to continue, propelled by the Federal Reserve’s determination to combat inflation by tightening monetary policy. The dollar’s strength has been a headache for U.S. multinational corporations, whose revenues earned in other countries are worth less in dollar terms after currency translation. U.S. companies report earnings in…
Morgan Stanley Warns Soaring Dollar Teeing Up ‘Something to Break’ in Markets
The recent surge in the U.S. dollar could soon lead to some kind of economic or financial crisis, according to Michael Wilson, chief U.S. equity strategist at Morgan Stanley. Wilson said in a note that even though such events are hard to predict, conditions are “in place” for the dollar to trigger such a development,…
China’s Yuan Ends at 28-month Low Despite Fresh Policy Step, Nears Daily Lower Limit
SHANGHAI—China’s yuan finished domestic trading session at a new 28-month low against the dollar on Monday, near its downside trading limit, despite the central bank taking steps to rein in the currency’s weakness. The People’s Bank of China (PBOC) said it would raise the foreign exchange risk reserves for financial institutions when purchasing FX through…
The Strong Dollar Is a Risk to Corporate Profits
September 23, 2022
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Commentary The strong dollar remains a risk to corporate profits and asset prices as the impact on the global economies grows. While many commentators argued the dollar would go bust due to the excessive debt levels in the United States, such has hardly been the case. In 2022, as the U.S. economy is the “cleanest…
Reserve Currency Status Benefits US Institutions But Not Regular Folk: Labor Economist
The U.S. dollar being the world’s reserve currency has only benefited American institutions and not regular workers, according to labor economist, founder, and president of the Economic Strategy Institute Clyde Prestowitz. Prestovitz has served as an adviser to Presidents Ronald Reagan, George H.W. Bush, Bill Clinton, and Barack Obama, and as a counselor to the secretary of…
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