Saturday , 24 October 2020

Tag Archives: dollar

Weighing the Mnuchin Factor: Dollar Might Be Heading for Devaluation

The dollar is overvalued, US Treasury Secretary nominee Steven Mnuchin said, echoing the remarks made previously by President Donald Trump, suggesting the new administration might take conscious and coherent steps to devalue the greenback in order to boost domestic production. Kristian Rouz – As the new US administration begins to take shape, it is reconsidering the nation’s approach to foreign …

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Golden dragon set to breathe fire on US dollar? (video)

In the third edition of Venture Capital, Katie Pilbeam explores the reasons why the world’s largest producer of gold, China, is buying up the shiny commodity in record quantities. This sudden gold rush is igniting speculation that the country is getting set to create a new gold standard for its currency. Also, the Eurozone breathed a sigh of relief this …

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