MOSCOW (Sputnik) - Indian billionaire banker and CEO of major private bank Kotak Mahindra Bank, Uday Kotak, panned the US dollar as "the biggest financial terrorist in the world," but soon toned down his remarks. "I genuinely feel that the biggest financial terrorist in the world is the US dollar. A...

The US has been weaponising its currency - but that comes with a cost... Today commentators overwhelmingly agree that a weakening US dollar cannot possibly lose its status as the world’s dominant currency because there is “no alternative” on the visible horizon. Perhaps, but don’t tell that to the m...

As China draws down dollar holdings and the yuan trumps the US greenback in Russia, more and more economists are asking if an inflection point has been reached. Count Nobel laureate Paul Krugman firmly in the “no” camp. “The dollar’s dominance isn’t under threat,” the New York Times columnist argues...

The US banking system is broken. That doesn’t portend more high-profile failures like Credit Suisse. The central banks will keep moribund institutions on life support. But the era of dollar-based reserves and floating exchange rates that began on August 15, 1971, when the US severed the link between...

US equity markets are chopping around wildly in the last few days as Nomura's Charlie McElligott notes that risk is drifting on a mini "triple whammy" causing a modest reversal stronger in the USD (after the post-CPI puke)... 1) China’s again-devolving COVID outbreak (Beijing reported 3 COVID-relate...