Bolivia Successfully Cuts Reliance on US Dollar Embracing Chinese Yuan and Russian Rouble for Trade
Bolivia Successfully Cuts Reliance as it Challenges Global Dollar Dominance by Embracing the Chinese Yuan and the Russian Rouble in Foreign Trade, Marking a Significant Turning Point in the Country's Economic Strategy. Situated in the heart of South America, Bolivia…
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Dollar’s Strong Growth Impacts Gold and Silver, Endangers Precious Metals’ Uptrends
The global financial markets have been witnessing a remarkable surge in the US economy, which has propelled the dollar to new heights. This significant growth is impacting the prices of precious metals like gold and silver, as investors grapple with…
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Euro Faces Challenges Against Resurgent US Dollar and JPY – EUR/USD and EUR/JPY Analysis
The foreign exchange market has seen a week of significant movements as three major global central banks announced their latest monetary policy decisions. Notably, EUR/USD and EUR/JPY were affected, experiencing sharp moves in the latter half of the week. The…
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Crude Oil Rally in Focus as Retail Traders Turn Net-Short for First Time Since April
The "crude oil rally" has been nothing short of impressive, with prices surging over 17% since bottoming out in mid-June. This month's WTI prices have witnessed a significant 13% increase, making it the best 20-day period for oil since January…
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AUD/USD Price Forecast: Double Top Breaks Aussie Dollar Amid Divergence in Fundamentals
The AUD/USD currency pair experiences heightened volatility with a significant "Double Top Breaks Aussie Dollar," suggesting a potential trend reversal. Divergent fundamental factors between AUD and USD contribute to a sharp 1.10% downtrend. Traders closely watch the upcoming US core…
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