US Dollar Weakness Continues

By Dennis Tubbergen | August 7, 2023 |

The evidence that the US Dollar is continuing to weaken globally continues to grow by the day.           “Nikkei Asia” reported that the Chinese currency has now outpaced the US Dollar in Chinese cross-border transactions.  Here is an excerpt (emphasis added) (Source:  https://asia.nikkei.com/Business/Markets/Currencies/Yuan-exceeds-dollar-in-China-s-bilateral-trade-for-first-time): The yuan was used in 49% of China’s cross-border transactions last quarter,…

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Welcome to 2023 and the US Dollar Losing Favor

By Dennis Tubbergen | January 9, 2023 |

This week, I want to highlight some of the currency shifts that are taking place presently.  Not surprisingly, the Chinese Yuan is gaining favor around the world at the expense of the US Dollar.           This from Alex Kimani (Source: https://oilprice.com/Energy/Energy-General/Why-We-Shouldnt-Underestimate-Chinas-Petro-Yuan-Ambitions.html): The de-dollarization of the global oil industry is in a treacherous mission creep phase.…

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