US dollar dominance

Florida Governor Ron DeSantis has enacted a new law, opening the doors for transactions using gold and silver in the state. This move is seen as a nod to the original “gold standard.” What Happened: DeSantis signed the bill, HB 999, into law, allowing Floridians to use gold and silver...

Donald Trump’s proposal to enforce dollar dominance in global trade might lead to economic disruption and potentially weaken the U.S. currency, warns a strategist from Commerzbank AG. What Happened: Ulrich Leuchtmann, the head of foreign exchange research at Commerzbank AG, analyzed a...

Brazilian President Luiz Inácio Lula da Silva has advocated for a shift away from reliance on the US dollar in global trade, proposing a single currency for transactions among the BRICS nations. Speaking at the inauguration of Dilma Rousseff, the newly-appointed President of the New...