Global competition is no longer about currencies alone, but about the channels through which money and data move and China and Brazil are testing the limits of Western dominance
For the first time in nearly three decades, central banks’ combined gold reserves now exceed their US Treasury holdings—a symbolic shift reflecting diversification away from dollar assets.After the…
As the euro strengthens amid a weakening dollar, analysts see it more as a rebalancing of the global financial order rather than an innate superiority of the European currency
Today, the US dollar is the most prominent currency in the world. This is tied to the fact that the US has the largest economy, along with the dollar’s use globally, as most countries worldwide rely…
As Egypt hopes to free itself from the pressure posed by the dollar, it looks to join BRICS, which some see as a potential counter-alliance and future rival of G7.
The US currency has faced rivals before. Its reserve currency status looks safe while rivals like China's renminbi and the euro are without key advantages underpinning its international appeal.
The U.S. dollar held its ground on Wednesday as traders waited for this week's U.S. consumer price data to see whether it will confirm that inflation is in retreat.
The euro flattened against the…
The Egyptian pound weakened to 26.49 to the dollar on Wednesday, its biggest one-day move since the central bank allowed it to fall by 14.5% on Oct. 27, according Refinitiv Data.
It was about 24…
The pound and Japanese yen edged off multi-month highs against the dollar on Monday as traders, investors and analysts started to speculate whether the greenback's recent bout of weakness was coming…
The dollar fell on Wednesday ahead of a speech by Federal Reserve Chair Jerome Powell and a look at private-sector employment data for November, as it barrelled towards its biggest monthly loss since…
After rapid advances, the Yemeni rebel group is fortifying its positions along the vital maritime chokepoint, while intensifying pressure in southwestern Taiz, northern Lahj, and Marib
The American rapper's removal from Ed Sheeran's tour over his 'Free Palestine' speech and the British singer's meek rebuttal sparked an uproar on social media
In an interview with Al Majalla, the UN Special Rapporteur says the backlash against her for speaking out against Israel's genocide in Gaza reveals much about the current international order