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Will This Russia/China Agreement Mean the End of the US Dollar?
For three weeks, in July of 1944, there was a gathering of delegates from all of the Allied nations in Bretton Wood, New Hampshire to regulate the monetary and financial order after the conclusion of World War II. This “Bretton Woods Conference “ is where the US reconstructed the global monetary system with the dollar…
To buy dollars, or not to buy dollars: That is the question!
Lately, many industry experts have been commenting about a potential Fed rate hike later this year. And with this as a backdrop, a rally in the dollar looks as if it’s ready to resume. For example, notice what Vassili Serebriakov, a New York-based foreign-exchange strategist at BNP Paribas SA said: “I think the markets are…