Tag #Dollar

elpais.com
🌐 85% Global Worthiness
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Strong Dollar Fuels Global Economic Uncertainty

A strong US dollar, fueled by expectations of increased US fiscal deficits and deregulation, is negatively impacting global growth, potentially leading to a sovereign debt crisis among vulnerable nations, and necessitates a reconsideration of international financial agreements.

Progress

32% Bias Score

Reduced Inequality
faz.net
🌐 85% Global Worthiness
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Fed Cuts Rates, but Market Reacts Negatively to Revised Outlook

The Federal Reserve lowered interest rates by 0.25 percentage points to 4.25-4.5 percent on Wednesday, but markets reacted negatively due to a revised outlook on future cuts; the Nasdaq-100 fell 3.6 percent, Tesla dropped 8 percent, and the Dow Jones lost 2.6 percent, while the dollar strengthened a...

Progress

48% Bias Score

Reduced Inequality
dw.com
🌐 85% Global Worthiness
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BRICS Explores New Currency to Reduce US Dollar Dependence

BRICS nations, including newly added members Iran, Egypt, Ethiopia, and the UAE, are exploring a new currency to lessen reliance on the US dollar, driven by concerns over US sanctions and geopolitical leverage; however, significant hurdles remain due to the diverse economic strengths and political s...

Progress

44% Bias Score

dw.com
🌐 85% Global Worthiness
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BRICS Explore Alternative to US Dollar Amidst Geopolitical Concerns

BRICS nations, seeking to decrease dependence on the US dollar due to its use as a geopolitical tool, are exploring a new common currency to facilitate trade and reduce vulnerability to US sanctions.

Progress

52% Bias Score

theglobeandmail.com
🌐 85% Global Worthiness
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Dollar Falls 0.70% on Bessent Nomination, Weak Economic Data

The dollar index fell 0.70% on Monday due to the nomination of Scott Bessent as Treasury Secretary, weaker-than-expected economic data, and a record high S&P 500; the Euro rose 0.84%, while the Yen fell 0.44%, and precious metals declined sharply.

Progress

36% Bias Score

forbes.com
🌐 75% Global Worthiness
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Bearish Crude Oil Market Outlook for 2025

As the trading year ends, crude oil markets show a bearish trend due to oversupply, reduced Chinese demand (300,000 bpd less in Q4 2024 than Q4 2023), and a stronger dollar following the Fed's rate cut announcement.

Progress

40% Bias Score

Affordable and Clean Energy
theglobeandmail.com
🌐 85% Global Worthiness
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U.S. Dollar Strength in 2024: A Result of Domestic Success and Global Instability

The U.S. dollar appreciated 5% against G10 currencies in 2024, driven by robust U.S. economic growth and political and economic instability in rival economies such as South Korea, the Eurozone, and China, despite a more cautious approach to interest rate cuts from the Federal Reserve.

Progress

44% Bias Score

kathimerini.gr
🌐 85% Global Worthiness
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Euro Falls to 2022 Low Amidst US Trade War Fears

The Euro fell to a 2022 low of $1.04 against the dollar last week due to fears of a US trade war, geopolitical instability, and diverging economic policies; analysts predict further decline, with some forecasting a drop to $0.99 by the first quarter of 2025.

Progress

48% Bias Score

cnbc.com
🌐 85% Global Worthiness
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Euro Tumbles Amid French Political Uncertainty and Interest Rate Divergence

The euro fell 0.72% against the dollar to $1.0497 on Monday due to political instability in France and differing interest rate expectations between the U.S. and Europe, with the market pricing in a possible rate cut from the ECB.

Progress

32% Bias Score