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26.04.26 - 06:09
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The Petroyuan Myth: War Failed To Shake The Dollar (ZeroHedge)
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The Petroyuan Myth: War Failed To Shake The Dollar
Authored by Antonio Graceffo via The Epoch Times,
Despite sanctions and two wars, the yuan is losing ground, with much of its earlier rise tied to Russia and now reversing.
The Kremlin drafted a memo this year outlining seven areas of potential economic convergence with Washington, including a proposed return to dollar settlement for Russian energy transactions. The stated rationale in the memo is that dollar integration would stabilize Russia's balance of payments and foreign exchange markets. Russia never actually wanted to transact business in yuan. Moscow only did so because it was cut off from the dollar system by sanctions and had no choice.
The yuan was a fallback, not a preference. Russia's desire to return to a dollar-denominated trade regimen is an implicit admission that the yuan-based arrangement failed to deliver monetary stability. It also demonstrates Russian President Vladimir Putin's desire to decrease Russia's dependence ...
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25.04.26 - 17:36
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Trump′s SWIFT Hint And The Decline Of The Euro (ZeroHedge)
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Trump's SWIFT Hint And The Decline Of The Euro
Submitted by Thomas Kolbe
In a post on Truth Social, US President Donald Trump indicates the imminent return of Russia to the SWIFT payment system. It would mark the end of sanctions against Russia. But the Prussians are not shooting that fast anymore.
Currency policy is geopolitics. This is especially true as soon as the US dollar is involved. And that is almost everywhere and at any time on the globe, no matter how often European and Chinese media sound the death knell over King Dollar. It may specifically be an annoyance to European politics and Beijing, but for the time being the US dollar remains the world's leading and reserve currency, giving the United States the leeway to defend their market dominance while rolling their debt burden relatively smoothly into the future.
Washington is working under high pressure not to let this monetary configuration change, at least for the moment.
In this context, one must interpret the Truth‑Social...
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25.04.26 - 09:12
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U.S. Dollar Drops Against Majors (AFX)
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BRUSSELS (dpa-AFX) - The U.S. dollar fell against its major counterparts in the New York session on Friday.The greenback fell to a 2-day low of 1.1723 against the euro and a 4-day low of 1.3538 ag......
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