Why a Rebound in the Dollar May Have Slowed the Rally in Stocks
The U.S. dollar remains the world’s top reserve currency. As a result of that status, changes in the value of the dollar can reverberate to other parts of the global financial markets.
The U.S. dollar remains the world’s top reserve currency. As a result of that status, changes in the value of the dollar can reverberate to other parts of the global financial markets.
The post-COVID economic recovery in China weakened in Q2 and a new stimulus package has weighed on the yuan, tilting the USD/CNY exchange rate further in favor of the dollar.
Gold prices have staged an impressive run since the middle of March. Could more gains lie ahead?
The digital yuan (aka eCNY) is already being tested in mainland China, and the upcoming release of this new blockchain-enabled central bank digital currency (CBDC) is poised to further disrupt international foreign currency markets.