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Showing posts with the label euro

De-Dollarization: 3 Alternatives Replacing US Dollar Around The World

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The US dollar has become a very controversial currency to explore at the moment. With Donald Trump leaving no stone unturned to strengthen the US economy, his idea of imposing tariffs on nations is backfiring, sparking trade war narratives to gain momentum. With this development, the dollar is losing its credibility at a rapid pace, with countries busy scurrying for alternatives. Here are three able US dollar alternatives that have been gaining widespread momentum, detailing the US dollar authority on a global pedestal. Also Read: De-dollarization and the Digital Currency Battle: Why Gold-Backed Stablecoins Could Replace the USD 3 Leading US Dollar Contenders On The Rise 1. Cryptocurrencies Beating US Dollar Source: Watcher Guru The US dollar is now facing stiff competition as alternative assets like cryptocurrency are regularly gaining traction at a global pace. One of the prime examples of this is Russia’s increased usage of cryptocurrencies such as Bitcoin, Ethereum, and stable...

Currency: Euro May Go For A Toss As French Parliamentary Mayhem Ensues

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In an interesting development, French President Emmanuel Macron has dissolved the nation’s parliament and its national assembly based on the predicted exit poll results. France is currently gearing up for its electoral elections, in which the next prime minister of the nation will be selected to helm national affairs. However, the French parliament mayhem ensued the moment Macaron called for snap elections after the exit poll results predicted his looming fall. The development also poses significant threats to the euro currency as a whole, as changing political dynamics are capable of toppling the French financial sphere to new lows. Also Read: What’s Happening With Gold And The US Dollar Today? Macaron and Parliament Dissolution: What’s Happening To Euro? Source: Reuters With changing world dynamics, French PM Emmanuel Macron took a bold step recently by announcing the dissolution of the French parliament. The decision to dissolve the legislature and natio...