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US Launching Five Digital Dollar Pilot Programs

US Launching Five Digital Dollar Pilot Programs By now it's common knowledge that China is leaps and bounds ahead of all other central banks in launching a CBDC, or Central Bank Digital Currency (which Beijing vows is not a challeng.....»»

Category: blogSource: zerohedgeMay 3rd, 2021

The Dollar"s Reserve Currency Status Won"t Last Forever

The Dollar's Reserve Currency Status Won't Last Forever Authored by Doug French via The Mises Institute, The Federal Reserve and the confederation of central banks which fol.....»»

Category: blogSource: zerohedgeJan 29th, 2021

Visa Patent Filing Would Allow Central Banks to Mint Digital Fiat Currencies Using Blockchain

The filing details a way for fiat currencies, like the U.S. dollar, to be turned into a central bank digital currency......»»

Category: forexSource: coindeskMay 15th, 2020

Dollar maintains gains after weeks of rallying

The dollar firmed on Thursday but paused its strong rally of recent weeks after the Federal Reserve helped U.S. currency liquidity in financial markets by making it easier for other central banks to access the greenback......»»

Category: topSource: reutersApr 2nd, 2020

Factbox: Dollar domination - why global markets depend on the U.S. currency

From the dominant reserve currency for central banks to the main conduit for global trade and borrowing, U.S. dollars are the lifeblood for banks and markets around the world......»»

Category: topSource: reutersNov 14th, 2019

World needs to end risky reliance on U.S. dollar: BoE"s Carney

Bank of England Governor Mark Carney took aim at the U.S. dollar's "destabilizing" role in the world economy on Friday and said central banks might need to join together to create their own replacement reserve currency......»»

Category: topSource: reutersAug 23rd, 2019

Currencies: Turkey’s lira under pressure as central bank stages fresh defense of currency

The Turkish lira on Tuesday was retreating against the U.S. dollar as the government told local banks to slow process currency purchases, a fresh attempt to tamp down speculative bets on lira, according to reports......»»

Category: topSource: marketwatchMay 21st, 2019

Currencies: Dollar holds ground as analysts eye key central bank meetings later in the week

The U.S. dollar was little changed to begin Monday, on what’s lining up as a big week for currency markets with two major central banks scheduled to meet......»»

Category: topSource: marketwatchApr 29th, 2019

Currencies: Dollar index hits a near 2-year record as global central banks turn dovish

The U.S. dollar opened higher on Thursday, with a popular gauge of its strength rising to its highest level since May 2017......»»

Category: topSource: marketwatchApr 25th, 2019

Turkish central bank raises key rate and helps lift currency

Turkey's currency, the lira, has fallen to an all-time record low against the dollar amid fears of economic instability as the country heads toward snap presidential and parliamentary elections next month......»»

Category: topSource: foxnewsMay 23rd, 2018

Central Banks Face Catch-22 As Emerging Market Crisis Spreads To The Core

Authored by John Rubino via Dollar Collapse.com, One of the things giving “data-driven” central banks wiggle room on their pledge to tighten monetary policy is the fact there are several definitions of inflation. In the US the thing mos.....»»

Category: blogSource: zerohedgeJul 1st, 2018

Currency Outlook: U.S. Dollar Volatility Could Become A Concern As Global Central Banks Remove Stimulus

Currency Outlook: U.S. Dollar Volatility Could Become A Concern As Global Central Banks Remove Stimulus.....»»

Category: topSource: seekingalphaJul 8th, 2018

Lira plunges vs. dollar as ECB worries about banks exposure to Turkey: report

The Turkish lira plunged to a fresh record low against the U.S. dollar Friday, following a report the European Central Bank is growing more concerned about exposure of region.....»»

Category: topSource: marketwatchAug 10th, 2018

Turkish lira pulls back from record low, markets rattled

Turkey's lira pulled back from a record low of 7.24 to the dollar on Monday after the central bank pledged to provide liquidity and cut reserve requirements for Turkish banks, but its meltdown continued to rattle global markets......»»

Category: topSource: reutersAug 13th, 2018

Yuan at two-and-a-half week high as China signals support, revives fix factor

The yuan hovered at a 2-1/2-week high against the U.S. dollar on Monday after China's central bank revived a "counter-cyclical factor" in its daily fixing to support the currency, arresting a record 10-week slide that has rattled global markets......»»

Category: topSource: reutersAug 27th, 2018

Saudi Arabia will not penalize banks that boycotted conference: central bank chief

Saudi Arabia's central bank governor said the kingdom will not penalize foreign banks that boycotted an investment conference in Riyadh and reiterated the country's commitment to defend its currency peg to the dollar......»»

Category: topSource: reutersOct 24th, 2018

Market Extra: BOE’s Carney sees the U.S. dollar eventually losing its reserve-currency status

The U.S. dollar remains the world’s reserve currency—for now. However, a number of central banks lately are contemplating a world in which the almighty buck isn’t the pre-eminent global medium of exchange......»»

Category: topSource: marketwatchJan 10th, 2019

Central banks aren"t running scared of bitcoin but they want to keep control, says former Bank of England digital guru

Huw van Steenis, senior advisor to the chief executive of UBS, punctures some central bank digital currency myths The Bank of England is looking into launching a "Britcoin." John Sibley/Reuters Central banks are increasingly intere.....»»

Category: worldSource: nytMay 22nd, 2021

Central banks to reduce dollar liquidity provisions

The Bank of England, the Bank of Japan, the European Central Bank and the Swiss National Bank, in consultation with the Federal Reserve, have jointly decided to discontinue o.....»»

Category: topSource: marketwatchApr 23rd, 2021

Project Syndicate: The bond market’s QE Catch-22

How can central banks continue to support the economic recovery while developing an exit strategy that doesn’t undermine market stability?.....»»

Category: topSource: marketwatchMar 24th, 2021