Japan, US Plot Yen Rescue as Speculators Face Reckoning
Japan and the United States are preparing to unveil a joint policy as early as next week to stop speculators from driving the Japanese yen to fresh multi-decade lows. Japan…
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Kevin Warsh’s Fed Decision Looms: Here’s Why TD Securities Says the Dollar Could Still Drop
The Federal Reserve is widely expected to hold its benchmark rate at 3.50% to 3.75% for a fifth straight meeting when Chair Kevin Warsh delivers the Federal Open Market Committee’s…
Argentina Opens the Door to USD Wages as Central Bank Approves Dollar Salary Accounts
With the move, Argentines can now collect their wages in dollars, a proposal that will be more enticing to companies that already get paid in dollars. Nonetheless, this new option…
Iran’s Rial Hits Record Low of 1.95 Million per Dollar as US Pressure Mounts
Iran’s rial slid to a fresh all-time low of about 1.95 million per U.S. dollar on Sunday, as renewed U.S. pressure and a collapsing ceasefire push an economy already battling…
Hyundai Card Turns $20,000 Stablecoin Test Into Real-World Remittance as Europe Trial Draws Closer
Hyundai Motor America converted $20,000 into stablecoins and transferred them to Hyundai Motor Mexico, where they were exchanged back into U.S. dollars. Shaving Hours off Transaction Times Hyundai Card successfully…
Total Stablecoin Cap Falls $1.9 Billion This Week While Sky Dollar Leads the Slide
Tether lost $791 million this week, a single-token drop that accounted for 41% of the $1.9 billion pulled from the entire stablecoin market. Most of its top competitors also finished…
Japanese Yen Sinks to 162.27, Its Weakest Since 1986, Reviving Intervention Bets
The Japanese yen collapsed to 162.27 per U.S. dollar on June 30, its weakest level since 1986, intensifying speculation that Tokyo could step in to defend the currency for the…
Bolivia Abandons Fixed Exchange Rate Scheme After 15 Years, Adopting a Floating Dollar System
Bolivia’s Economy Ministry recognized that the current regime had failed, as the country’s oil exports had been reduced since 2005, making it impossible to continue with the exchange regime. The…
Robert Kiyosaki Renews Dollar Alarm as Bitcoin Becomes His Cash Escape
Robert Kiyosaki warned that dollar savings face growing pressure from debt, inflation, and money creation, renewing his call to hold bitcoin. He cited $1 trillion as a symbol of rapid…
Gold Overtakes US Treasuries as Top Reserve Asset: ECB Data
Gold overtook U.S. Treasuries in global official reserves by market value, the ECB said. The move reflected a 60% gold rally and rising demand for reserve diversification. Gold’s Rise Puts…
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