China and Russia to edge closer to reducing US dollar reliance
... with Moscow set to launch first yuan bond
dollar
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Dollar loses value in Armenia
The American dollar’s (USD) exchange rate against the Armenian dram (AMD) comprised AMD 475.91/$1 in Armenia on Thursday; this is down by AMD 0.03 from the previous day in the country, according to the official website of the Central Bank …
Euro surges above 74-ruble mark for first time since April 1
The ruble exchange rate began to decline on the Moscow stock exchange today with the euro rising above 74 rubles for the first time since April 1. The dollar exchange rate increased by 0.36 rubles and was worth 66.37 rubles, while …
Trump Voices Dismay Over Strong Dollar, Renews Call for Fed Cut
President Donald Trump again took aim at the U.S. currency, taking a step closer to scrapping longstanding official support for a strong dollar, Bloomberg reports. “One would think that I would be thrilled with our very strong …
Beijing sets yuan at its weakest level since 2008
China’s yuan inched up in early trade today, despite the central bank setting its official midpoint past the key seven to the dollar threshold for the first time since global financial crisis. The People's Bank of China (PBOC) …
Tenge hits new record low
The Kazakh tenge dropped to 386.9 per dollar on the Kazakhstan Stock Exchange (KASE) this morning as of August 6, 2019, the press service of KASE said. The maximum dollar selling rate in exchange offices of Nur-Sultan is 387.2 …
Dollar surges above 65-ruble mark
The dollar exchange rate exceeded 65 rubles for the first time since June 7 during the today's trading on the Moscow stock exchange. The dollar was worth 65.02 rubles as of 12:09 (Moscow time). The euro exchange …
Russia becomes leader in dumping dollar
Russia has became one of the main drivers in the process of dedollarization last year, the European Central Bank said in its June report on the strengthening of the role of the euro in the global economy. According to the authors of the …
Dollar sets new anti-record of 2019
The dollar exchange rate dropped to 63.31 rubles during the today's trading on the Moscow stock exchange. Yesterday the dollar was worth 63.91 rubles. Oil jumped more than 3% to above $63 a barrel today after Iran …
U.S. Fed holds interest rates steady
The U.S. Federal Reserve held interest rates steady but signaled possible rate cuts of as much as half a percentage point over the remainder of this year, as it responded to increased economic uncertainty and a drop in expected inflation. …
Naryshkin: dollar becoming toxic
Director of the Russian Foreign Intelligence Service Sergey Naryshkin said that the dollar is an anachronism of the modern world economy. According to him, it seems abnormal that the United States, "behaving …
Dollar surges above 65-ruble mark
The dollar exchange rate exceeded 65 rubles for the first time since May 14 during the today's trading on the Moscow stock exchange. The dollar was worth 65.02 rubles as of 11:41 (Moscow time). The euro exchange rate rose to …
Turkey says U.S. scrapping trade deal contradicts goals
Markets will monitor political statements regarding relations between the two countries, given the risks that they have recently entailed
Brent oil hits $75 per barrel
Brent crude oil rose above $75 per barrel today for the first time in 2019 in the wake of tightening sanctions on Iran, while gains in U.S. prices were crimped by a surge in U.S. supply. Brent crude futures rose to a 2019 high of $75.01 …
Lavrov: everyone understands how unreliable dollar is
The United States is undermining the status of dollar, Russian Foreign Minister Sergei Lavrov said at an international investment council session. "We see direct abuse of the U.S. dollar’s status and in the …
Saudi Energy Ministry: no change to policy of selling oil in dollars
Saudi Arabia said it has no plans to change its longstanding policy of trading oil in dollars, Saudi Energy Ministry said. These reports "are inaccurate and do not reflect Saudi Arabia’s position on this matter," The …
Saudi Arabia threatens to ditch dollar oil trades
Saudi Arabia is threatening to sell its oil in currencies other than the dollar if Washington passes a bill exposing OPEC members to U.S. antitrust lawsuits, three sources familiar with Saudi energy policy said. They said the option had …
U.S. dollar weakening predicted
The U.S. dollar exchange rate against a basket of major currencies may drop by 6% by the end of 2019, according to Morgan Stanley experts. They expect the U.S. currency will depreciate because of the U.S .economic slowdown and the Federal …
Dollar surges above 65-ruble mark
The dollar exchange rate exceeded 65 rubles during the today's trading on the Moscow stock exchange. The dollar rose 39 kopecks and was worth 65.25 rubles. The euro exchange rate rose 43 kopecks to 73.23 rubles. …
Why is ruble going strong?
The dollar exchange rate declined below 65 rubles during trading on the Moscow stock exchange last week, while the euro exchange rate dropped below 74 rubles. This week the dollar fluctuated near 64.5 rubles on Monday-Wednesday, …
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