Dollar Gains as Crumbling Russian Economy Pulls Down Ruble
Weakness in the Russian economy has spilled over into the ruble, and helped push the ruble to fresh 16-month lows against the dollar.
Weakness in the Russian economy has spilled over into the ruble, and helped push the ruble to fresh 16-month lows against the dollar.
The U.S. dollar has dominated as the world’s number one reserve currency since the end of WWII, but the proposed BRICS currency could mount a legitimate challenge to dollar hegemony.
Options aren’t limited to the world of equities. Market participants can also trade options on products such as futures and foreign currencies, and the mechanics across asset classes are fairly similar.
Buoyed by rising interest rates, the U.S. dollar continues to strengthen in 2022—most recently notching a 24-year high against the Japanese Yen.
Dropping to 2.5 year lows against a broad basket of international currencies, the U.S. dollar appears to be closing 2020 on a sour note. The U.S. dollar is plumbing fresh 2020 lows, which has many investors and traders wondering if recent losses in the world’s best-known currency could be indicative of bigger problems in the … Continued