currency

Is the world economy big enough for two major currencies? BRICS nations may think so. BRICS nations include Brazil, Russia, India, China, and South Africa. Russian officials said the bloc is planning to create a shared, gold-backed currency. NTD spoke with Thomas Hogan, senior research faculty at the American Institute for Economic Research and Former […]

BUENOS AIRES—Argentina and China have formalized the expansion of a currency swap deal, allowing the South American country to increase its depleted foreign currency reserves, the Argentine central bank said on Sunday. Argentina’s government needs to rebuild reserves to cover trade costs and future debt repayments, and more reserves are a key objective of a […]

How are global investors reacting to China’s new leadership team and Xi Jinping’s third term? Confidence in China’s economy seems to be plummeting. Some investors are dumping their Chinese assets, leading Hong Kong stocks to slide to 13-year lows on Monday. China’s currency, the yuan, also fell to a nearly 15-year low.

NEW YORK—The recent rally in the U.S. dollar is creating an “untenable situation” for riskier assets that could end in a financial or economic crisis, strategists at Morgan Stanley warned in a note Monday. The dollar index hit a new two-decade high Monday as the pound hit an all-time low against the greenback. The wild […]

Is the United States at risk of losing its status as the world’s reserve currency? And how does the Chinese regime play into all this? In this special report, we look at the currency wars playing out on the world stage, what that means for Americans, and how it stands to impact your bank account. […]

Countries like China keep their currency artificially low so their exports are relatively cheaper. This allows them to win business against other countries with strong currencies. It’s also attractive for businesses because wages and other local costs are relatively cheaper in a country with a weak currency. Some economists say the dollar’s position as the […]

A new International Monetary Fund report says the dollar has lost its share as a global reserve currency. It says this is a result of central banks around the world diversifying their holdings, including into the Chinese yuan and other currencies of smaller countries. China is reportedly talking to Saudi Arabia about buying oil with Chinese […]

Beijing’s new digital currency is a tool that could prop up authoritarian regimes around the world, including China, and the Chinese paperless money could also undermine U.S. leadership in finance, warned a global finance professional. “This is a surveillance tool and it’s disguised as a payment mechanism. It’s going to allow the People’s Bank of […]

Cuba has two different currencies. Convertible pesos, which is pegged to the U.S. dollar and mostly used by tourists and Cuban elites, and Cuban pesos, which are used by most Cubans for daily transactions. The communist country is planning on eliminating Convertible pesos, leaving Cubans concerned that prices on the island will skyrocket. NTD’s Phil […]

The Chinese regime is actively testing its own digital currency in multiple cities such as Shanghai and Beijing. They call it e-yuan and claim it will simplify payment transactions. The regime wants to compete with the world’s most popular digital currency Bitcoin. But can the e-yuan prevail in the battle?

Janet Yellen will also face global challenges. She was adamant the United States or any country would not be allowed to manipulate their currency. Why’s that so important? NTD asked Daniel Lacalle. He’s the author of Freedom or Equality and the Chief Economist at the Tressis Hedge Fund. NTD asked him if there’s a currency […]

The European Union is considering its own digital currency. It recently released its assessment report. One thing that’s pushed them to do it is to prevent what they call a foreign digital currency from being adopted in Europe. It could mean something like bitcoin or maybe something like China’s digital yuan which will probably be the world’s first digital currency.

Chinese authorities have lifted reserve requirements to allow money to be more easily converted into other currencies. They want the Yuan to become weaker against the Dollar. A weak Yuan makes exports more competitive.

I discussed the move with FX Street Senior analyst Joseph Trevisani. I asked him why we’ve seen the Yuan appreciate so much since May.

Gold is rising again this week. We asked Daniel Lacalle, the chief economist at the Tressis hedge fund, if he puts it down to central banks printing massive amounts of money.

China is testing a new digital currency with a pilot program. It’s set to be the first digital currency used by a major economy. After years of development, the program began last month in four Chinese cities. Starting in May, some government workers will receive part of their paychecks in the digital currency. To use […]

China has resorted to currency manipulation, allowing the yuan to fall against the U.S. dollar, in an apparent effort to blunt the effect of the trade war on the Chinese economy.

The U.S. government has determined that China is manipulating its currency and will engage with the International Monetary Fund to eliminate unfair competition from Beijing.