KSA 🤜 🤛 USA?
War on Iran is changing the currency calculations of Gulf energy exporters. But the dollar’s global role depends on far more than the denomination of a barrel of oil
The US provided Argentina with a $20bn swap line, but similar offerings to Gulf and Asian allies would face constraints
Treasury secretary says ‘numerous’ countries sought support amid economic fallout from Iran war
Almost every major currency has gained against the greenback this month amid hopes for end to Iran conflict
Concerns over erratic White House policymaking have driven investors to ‘very stable’ development bank issuers
Alphaville’s Robin Wigglesworth and Toby Nangle replied to reader questions
Without the dollar, bad situations could be made even worse
As Opec members have long understood, it is not a good idea to give users of your product an incentive to find alternatives
Reducing the world’s dependency on the dollar is in the interest of every country that buys energy, issues debt or trades
And the worst-case scenario for oil
Join FT journalists to discuss the greenback, inflation, and markets under a new Fed chair
If renminbi settlement becomes cheaper and more trade migrates, firms will have less need to generate or hold US currency
Special money
Wall Street stocks have played catch-up with peers as investors sell this year’s winners
Commodity-linked currencies acting as ‘canaries in coal mine’ for shift towards rises in borrowing costs
Ignore the amateur geopolitical strategists talking eloquently about the end of dollar dominance
Dollar dips after US president imposes 15% duty following Supreme Court decision to strike down previous policy
We don’t believe in regime change, yet
No respect for the greenback
Majority of fund managers think Trump’s nominee to run Federal Reserve will spark further declines for US currency
Marco Rubio said Viktor Orbán’s leadership is ‘essential’ to US interests
Bets against currency have outweighed positive wagers so far this year
Trump’s policies are pushing global investors away but alternatives to US are also becoming more attractive
The normal order of what influences the world’s most important reserve currency is breaking down
