News Snapshot:
On July 3 it was reported that India is paying for Russian oil imports by Chinese Yuan (CNY)/Renminbi. Why should India be paying for Russian oil in Chinese Yuan? The transaction reflects the complex reality of the world economy. The last 15 years has seen a churn in world politics and economics which is reflecting in the currency markets. USD dominance and rise of Euro After World War II, the United States and the US Dollar (USD) dominated the world economy and world currency markets. The share of the US economy started to decline but the share of the USD...
News Timeline:
Track the development of related news across the Internet.
June 21, 2023
19:15
Euro holds ground on world stage despite Russia slashing use -ECB
Source: reuters.com
June 19, 2023
01:30
A reserve currency differs from one that payments are settled in
Source: livemint.com
May 24, 2023
23:43
The dollar losing its reserve currency status is dubious, but ‘we keep chipping away at its impenetrable armor’ says BlackRock bond chief
Source: ca.finance.yahoo.com
May 10, 2023
04:31
Global challenges weakening the U.S. dollar’s position as the world’s reserve currency
Source: theglobeandmail.com
