USD 07 (Apr 23 - Dec 27)

[behappyalways]

The internationalization of the RMB has taken another step forward:
Brazil settles trade with China in its own currency.
The US dollar's status is wavering!
When currency becomes a weapon of sanctions, who wants to continue to be "held hostage" by the US?

人民幣國際化再下一城 巴西與陸貿易以本幣結算 美元地位動搖中！當貨幣淪為制裁武器 誰還想繼續被美國「綁架」？【Yahoo TV】風向龍鳳配

https://m.youtube.com/watch?v=uP9koRPMTmU

[winston]

China, Russia Leading Push to Replace US Dollar as World’s Reserve Currency

By Andrew Moran

Diminishing the prevalence of non-dollar transactions to reducing dollar holdings in foreign exchange reserves.

South Africa will host the 15th annual BRICS Summit from Aug. 22–24.

Kremlin invested in a SWIFT alternative called the SPFS (System for Transfer of Financial Messages).

China has also put together another SWIFT substitute called the Cross-Border Interbank Payment System (CIPS), which has been steadily growing since 2020. As of February 2023, CIPS has nearly 1,400 participants, processing about $13 trillion.

Brazil and China signed a significant March 29 agreement to ditch the U.S. dollar and settle trade and financial transactions in yuan and reals.

China completed its first purchase of liquefied natural gas (LNG) in the yuan. The transaction between China National Offshore Oil Corp. (CNOOC) and France’s Total Energies involved 65,000 tons of LNG sourced from the United Arab Emirates.

Chinese leader Xi Jinping announced in a December visit to Saudi Arabia that the country would take advantage of the Shanghai Petroleum and Natural Gas Exchange (SHPGX) to settle more oil and gas transactions in the yuan.

Bilateral ruble-yuan trade volumes have skyrocketed, touching as high as $200 billion at the end of 2022.

Cambodia and Iraq have confirmed they plan to conduct more trade in the yuan.

In 2022, central bank gold demand was the highest on record, with these institutions purchasing more than 1,100 tons of gold worth approximately $70 billion.

China acquired 62 tons of gold, raising its total to more than 2,000 tons for the first time. Other central bank buyers were Turkey (148 tons), Egypt (47 tons), Qatar (35 tons), Iraq (34 tons), India (33 tons), the United Arab Emirates (25 tons), and Oman (2 tons).

In January, Beijing’s U.S. debt holdings plunged about 17 percent year-over-year to $859 billion, down from $1.033 trillion,

Source: Epoch Times

https://www.theepochtimes.com/china-rus ... weBeobk%3D

[behappyalways]

A good watch


23.04.04【豐富│東南西北龍鳳配】Pt.1「本幣結算」浪潮來了！美元的好日子結束了？
https://m.youtube.com/watch?v=Ti90TruXDWk

[winston]

What De-Dollarization? The Dollar Rules the World

By one estimate, the dollar is a part of 88% of all international transactions.

Source: Bloomberg

https://www.bloomberg.com/opinion/artic ... ify%20wall

[winston]

Rumors of the Dollar's Death Are Greatly Exaggerated

Talk that the greenback will soon lose its status as the world's main reserve currency has emerged. Don't believe it.

by DAN WEIL

“A long-term trend toward diversification of currencies in global financial transactions and trade may develop,” she noted. “But it's a big leap from dollar dominance to dedollarization.”

Central banks have diversified their foreign-currency holdings over the past 20 years, particularly in light of the euro’s introduction in 1999. But the dollar still accounts for 60% of global foreign reserves, not too far down from 20 years ago, when the figure was 67%.

About half of global trade is conducted in dollars. And about half of international loans and debt-securities trading on offshore markets are denominated in dollars.

Also, the greenback is used in 80% of financial-market transactions.

Foreign holdings of U.S. Treasury securities have expanded over the years to $7.4 trillion as of Jan. 31.

Source: The Street

https://www.thestreet.com/investing/rum ... xaggerated

[winston]

Fears that the US dollar will collapse are nonsense, and doomsayers are often hawking gold, investment chief says

by Filip De Mott

Dollar collapse fears are bogus as the greenback can't be replaced anytime soon.

A lot of the talk is often from doomsayers trying to push gold

The dollar "is not only the established choice and, in most cases, the smart choice, but it is the only choice."

Source: Business Insider

https://finance.yahoo.com/news/fears-us ... 00377.html

[winston]

De-Dollarization Is Happening at a ‘Stunning’ Pace, Jen Says

by Matthew Burgess

Adjusting for exchange rate movements, the dollar has lost about 11% of its market share since 2016 and double that amount since 2008.

Smaller nations are experimenting with de-dollarization while China and India are pushing to internationalize their currencies for trade settlement after the US and Europe cut Russian banks from the global financial messaging system known as SWIFT.

The US currency now represents about 58% of total global official reserves, down from 73% in 2001.

Source: Bloomberg

https://finance.yahoo.com/news/dollariz ... 44378.html

[behappyalways]

The divergence between the 10-year note yield and the US dollar suggests that the greenback may have room to run higher.

Adding to that is the concentrated long positioning in EURUSD, the largest component of the US dollar index (a whopping 57% weighting).

https://twitter.com/Mayhem4Markets/stat ... 5605149707

[winston]

4 reasons investors expect US dollar to keep sliding

Some 87 per cent of 331 respondents in a Bloomberg survey expect the Federal Reserve to cut interest rates to 3 per cent or below later this year

A large group of investors believe the yen or yuan appreciation will be the primary cause of dollar decline

Source: Bloomberg

https://www.scmp.com/business/banking-f ... ep-sliding

[behappyalways]

白宮武器化美元 被制裁國家反彈棄美元 TVBS文茜的世界周報 20230422
https://m.youtube.com/watch?v=-wJOr6Vtw9U&t=5s