US Election 2024: Trump makes early gains in exit polls, dollar strengthens and bitcoin rises

Former President Donald Trump has pledged to impose a 100 percent tariff on countries that move away from using the US Dollar in international trade. Speaking at a rally in Wisconsin, Trump said any nation abandoning the Dollar would face severe trade penalties with the United States.

Donald Trump pledges 100% tariff on countries moving away from US Dollar

Trump's Tariff War: A threat to global trade?

The Dollar experienced a significant downturn in August, marking its largest monthly drop of the year. This decline has provided much-needed relief to economies that have been grappling with the strength of the US currency. The weakening dollar is primarily driven by expectations that the federal reserve will cut interest rates in September.

Weaker Dollar reshapes global currency dynamics

The Indian Rupee has hit a record low, closing at 83.95 against the U.S. dollar. What does the falling Indian currency mean for you? Gravitas tells you.

Rupee hits a record low. What this means for you

Now, we turn our attention to the top concerns of global central banks. A survey by the UBS group shows that reserve managers at central banks are becoming more concerned about the security of their currency holdings. The poll respondents attributed this growing concern to the increasing global geopolitical risk.

Weaponisation of Fx reserves is a growing concern

Dollar dominance fading? IMF data reveals falling share of US currency in global reserves

Euro plunges amid French political uncertainty and strong Dollar

Imagine conducting $260 billion worth of International trade without using a single US dollar. That's exactly what China and Russia are pulling off this year and it's a move that could significantly dent the dominance of the US dollar which has reigned Supreme for decades. Watch in for more details!

China-Russia trade deal paves way for BRICS De-Dollarization

Let's look at how markets opened this morning. Markets looked directionless, with Asian benchmarks range-bound after wall street stocks extended their longest losing streak since January.

Dollar takes a breather as investors reassess FED's rate path

The Japanese yen struggles amid rising US treasury yields: Report

Japan's Yen dropped to its lowest level since 1990 on Wednesday before rebounding slightly. With the currency hitting a 34-year-low, Japanese authorities are now likely to intervene in the forex market. The dollar reached 151.975 yen, its strongest against the yen since mid-1990, before easing 0.13% to end at 151.36.

Japanese Yen drops to its lowest level since 1990

Global dollar shortage shows signs of easing, but concerns remain

America's mounting debt: A cause for concern?

Federal Reserve treads cautiously on rate cuts amid economic uncertainty

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Yen nears 10-week low, dollar strengthens as traders adjust rate expectations

Dollar slides to 5-month low against Euro as Fed signals possible rate cuts

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The Indian currency performed extremely well in 2023. This is despite the rupee falling to its lowest level of 83.395 (closing level) against the U.S. dollar. Watch this video to find out how.

Indian rupee witnesses least volatility in nearly three decades against the US dollar in 2023

The U.S. dollar, once the undisputed currency reserve leader, faces a waning dominance. The latest IMF data reveals a decline in the dollar's share to its lowest in the September quarter since last year, marking a significant turning point in global currency reserves.

Dollar reserves fall to lowest since 4th quarter of 2022

For a very long time, the US dollar has dominated international markets. It still does so, although, during the past 20 years, the US economy has produced a decreasing percentage of the world's production. The latest International Monetary Fund's (IMF) data shows a decline in the dollar's share in global central banks' foreign currency reserves. The data shows the dollar's share is down in the September quarter to the lowest since the final three months of last year.

Dollar reserves fall to lowest in a year

Is the dollar's status as a global reserve currency at risk?

Argentina imposes limits on banks’ dollar holdings amid concerns over devaluation 

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