WSJ: Dollar maintains role as dominant reserve currency
Beijing and Moscow have rarely had more reasons to rue the dollar’s global dominance. Yet changing the status quo will be difficult, and recent efforts to do so have yielded…
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A European challenge to the dollar highlights the breakdown of the Bretton Woods order
Most Americans don’t understand the immense benefit they receive from the dollar as the world’s reserve currency, nor the fact that this global choice is the result of the US-led…
Read More ECB launches 2nd consultation on new euro unsecured ON interest rate
The European Central Bank (ECB) is calling on market participants and all other interested parties to provide comments on the detailed features of the new unsecured overnight interest rate.…
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Rate games adding to the complexity in collateralized funding markets (Premium)
Now that the US Fed has uncorked the bottle with their first rate hike in several years, central banks around the world are starting to react in interesting ways. As…
Read More Germany may steer the future of the Euro: five impacts for financial markets
The most recent news that Germany is in the driver’s seat on Europe’s current financial crisis has direct implications for financial markets. The crux of the matter is Germany’s financial…
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