Global Economic Outlook: Yuan, Dollar and Commodities

We all know that the US dollar has been the global reserve for a while now, but not for long. The current economic situation looks bad for the dollar, all thanks to one-sided monopolistic and hypocritical foreign and economic policies. Thanks to the growing influence of China and Russia on the as they build their gold reserves and encourage foreign trade with domestic currencies. Chinese Yuan is a strong contender to replace the dying dollar. Russian Ruble staying right behind. United States brought this upon itself by playing hardball with the countries that refused to play along with it.....

China devalued the yuan today in a move that caught global markets by surprise. Policy makers have increased efforts to support exporters and, going forward, hope to increase the role of market pricing in Asia's largest economy. The Peoples' Bank of China cut its 1-day rate by 1.9% and, thereby, triggered yuan/dollar devaluation - the biggest one-day drop since January 1994. The central bank informs only this one-time adjustment and intends to increasingly expose the yuan to market supply-and-demand. The announcement follows a series of lower-than-expected data releases from the Chinese....

The head of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the global economic outlook “has darkened significantly,” emphasizing that, regarding a global recession, “we cannot rule it out.” IMF Says Global Economic Outlook ‘Has Darkened Significantly’ Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), discussed the global economic outlook and the prospect of a global recession in an interview with Reuters Wednesday. Commenting on the global economy, the IMF....

Market expectations of a December Fed rates hike are running high (at the time of writing the US Dollar Index had just breached 100 points). The question about why there is a need for higher interest rates is missing from the market and media discourse, so today's Global Economic Outlook considers the reasons for this central bank action. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators. World Indexes and Forex Rates. Commodities. In the Calendar This Week. Mon 23 November. US Fed Announcement. Tue 24 November. US Prelim GDP q/q....

With the central bank of all central banks approaching a rate lift-off, the US dollar is rearing to spring into a multi-year rally. Meanwhile, central banks in Europe, China and Japan continue devaluing their currencies in a last ditch attempt to spur inflation before the inevitable rates hike constricts global credit. Today's GEO considers economic conditions in Japan and takes a look at the US dollar chart. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators. World Indexes and Forex Rates. Commodities. In the Calendar This Week.....