It should be no surprise to anyone following the decline of the U.S. Dollar, but China and Russia have made an agreement to trade with each other without using the dollar. Here’s the story: China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier [...]
If you want to understand the present Currency War taking place, which is a “race to the bottom” for nations who want their own currency to be devalued, you need to spend ten minutes reading the following three essential articles: Currency Battle Could Start Hurting Corporate Earnings Currency War? Why Countries Are Rushing to Devalue [...]