
Articles
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1 week ago |
watcher.guru | Vinod Dsouza
In the latest development, Scandinavian crown currencies have emerged as star performers, outperforming the US dollar by 16.74% in 2025. The Swedish crown is up 15%, delivering its best-ever performance against the USD in over 50 years. Norway’s crown is also up 13% against the greenback, its highest since 2008. Also Read: EU Urges Trump to End Tariffs as G7 Summit OpensNot just the US dollar, the Swedish crown is up 4.5% against the euro and Norway’s crown surged 2% against the euro.
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1 week ago |
watcher.guru | Vinod Dsouza
China and Russia are pushing the idea of a BRICS currency while India and Brazil are taking a step back. The upcoming tender is the talk of the town as the alliance is planning to launch it in the markets to take on the US dollar. Russian President Vladimir Putin displayed a mock-up bill at the summit last year, indicating that the plans for a new tender are active. However, India is unhappy with the idea of a BRICS currency and wants to support the US dollar’s reign.
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1 week ago |
watcher.guru | Vinod Dsouza
Two penny stocks in the Indian stock market hit the top circuit rising 9% and 19%, respectively. The surge in value comes after Sensex surged 677 points during Monday’s trading session rising by 0.84%. The markets recovered after a drastic fall where it fell to the 73,000 level in March and touched close to 82,000 in June. The remarkable recovery made the markets receive an influx of investments from both retail and institutional funds.
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1 week ago |
watcher.guru | Vinod Dsouza
At the BRICS Forum Trade in Brazil this week, Nigeria’s House Committee on Foreign Affairs, Wole Oke, called on all global alliances to stand united and join the force to topple the US dollar as the world’s reserve currency. The Foreign Minister also said that BRICS must start trading in local currencies and other alliances will follow suit.
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2 weeks ago |
watcher.guru | Vinod Dsouza
JP Morgan has predicted how long will the USD remain the global currency as BRICS initiates de-dollarization steps. The US dollar is under pressure from various corners as developing countries are cutting ties with the currency. From settling trade in local currencies to diversifying their central bank reserves with gold and rewriting policies for the benefit of the alliance, a paradigm shift is occurring in the global financial sector.
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