US Consumers Could Face High Prices for Longer Due to a Weaker Dollar

US inflation has steadily cooled since mid-2022, thanks to large interest-rate increases by the Federal Reserve. However, a four-month drop in the dollar is threatening to derail that trend by raising the cost of imported goods. The dollar index has fallen by more than 11% from a peak reached in late September. US consumers are … Read more

Brazil and Argentina Are Gearing up to Launch a Joint Currency

Joint currencies tend to boost trade by getting rid of conversion costs and exchange rate uncertainty. Brazil and Argentina could later expand the initiative to neighboring countries, creating a euro-type currency for South America. Brazil and Argentina are preparing to launch a joint currency that could eventually become a euro-like project adopted by all of … Read more

Billionaire tech investor Peter Thiel warns bitcoin might serve as a Chinese financial weapon against the US – and says it threatens the dollar | Currency News | Financial and Business News

Peter Thiel, one of Silicon Valley’s most prominent venture capitalists, suggested bitcoin could pose a threat to the US during a virtual seminar held by the Richard Nixon Foundation this week.”Even though I’m a pro-crypto, pro-bitcoin maximalist person, I do wonder whether at this point bitcoin should also be thought of in part as a … Read more