Ever since its status as the global reserve currency was cemented at the Bretton-Woods conference in the latter stages of World War II, the US dollar has ruled all before it. Last year, as economies around the globe reeled from an inflation crisis not felt since the 1970s, the greenback hit a 20-year high.  Measuring

As per a recent report, the process of de-dollarization has received a further boost with the Asian Clearing Union (ACU), a payment arrangement between several central banks, planning to announce the rollout of a SWIFT alternative in June 2023. The ACU consists of India, Maldives, Bangladesh, Bhutan, Myanmar, Nepal, Pakistan, Sri Lanka, and is currently

In an ominous episode of “history on repeat”, Zimbabwe is hiking interest rates further and will begin selling foreign currency at market-determined rates as it strives to protect its slumping domestic currency. The Zimbabwean currency (ZWL) was re-launched in 2019 following a turbulent period of dollarisation. The former Zimbabwean dollar (with the currency symbol ZWD,

ICICI Bank share price have moved sideways in the past few days and is hovering near its all-time high of INR 958. The stock was trading at ₹937, which is a few points below its record high of ₹958. In all, the stock has jumped by 17% this year and by ~50% from the lowest

S&P 500 is up nearly 1.0% on Friday after the Bureau of Labour Statistics said the U.S. economy added more than expected jobs in May. Key figures in May jobs report Nonfarm payrolls increased by 339,000 last month – well above 190,000 that economists had forecast. Job growth in the United States have now been