Yuan Adoption Surges: Cross-Border Flows 50%
China’s yuan surpasses 50% in national cross-border flows, marking a de-dollarization milestone amid U.S. policy uncertainty. #Update #Currency
de-dollarization
Gold Surge: Central Banks Boost Buying
Central banks are significantly increasing gold reserves in 2025 due to rising global distrust in U.S. fiscal stability and dollar assets, fueling de-dollarization trends. #Update #Economy (+6) ↗
De-Dollarization Accelerates: China Leads SCO
China is accelerating de-dollarization by using its Shanghai Cooperation Organization presidency to promote national currency usage and enhance financial cooperation, reshaping Eurasian economic ties. #Update #Economy (+4) ↗
US Dollar Threatened JPMorgan CEO Warns
@JPMorgan CEO Jamie Dimon warns that internal chaos could dethrone the U.S. dollar as the reserve currency, threatening American global supremacy. #Update #Economy (+6) ↘
De-Dollarization: Russia Boosts Global Trade Shift
Russia accelerates the global de-dollarization drive, promoting national currencies in trade to enhance economic sovereignty. #Update #Economy (+4) →
Caricom Launches Pilot to Cut Dollar Reliance
The governors of the Central Banks of Caricom agreed to advance a local currency-based, instant settlement payment platform, reducing reliance on the U.S. dollar after a successful pilot between the Bahamas and Barbados. #Update #Finance (+4) ↗
De-Dollarization: Russia’s EAEU Trade Surges
Russia reports 93% of EAEU trade now in national currencies, marking a significant shift away from the U.S. dollar and impacting global financial dynamics. #Update #Finance (+6) ↗
Russia-China Trade Shifts to Rubles Yuan
Russia and China have nearly eliminated the U.S. dollar from their bilateral trade, favoring rubles and yuan after a high-level meeting in Moscow on May 8. #Update #Economy (+3) ↗
BRICS Reduces Dollar Use Boosts Trade
BRICS trade hits a milestone with over 65% now in national currencies, as Sergey Lavrov announces a shift from the U.S. dollar in Rio de Janeiro. #Update #Finance (+4) ↗
Dollar Decline: Goldman Sachs Warns
@GoldmanSachs warns of a dollar decline due to aggressive tariffs and slowing U.S. growth impacting investor confidence and global dominance. #Update #Economy (-6) ↘
BRICS Payment Network Challenges SWIFT Monopoly
BRICS accelerates its break from Western financial dominance with a new payment system, potentially challenging SWIFT’s global stronghold, says Russian Foreign Minister Sergey Lavrov. #Update #Finance (+7) ↗
De-Dollarization Risks Alarm US Allies
@DeutscheBank warns of risks to the U.S. dollar’s global reserve status due to concerns over the Federal Reserve’s liquidity backstop and dollar swap lines. #Update #Finance (-3) ↘