An age-old deal between the United States and Saudi Arabia – known as the Petrodollar deal and spanning 50 years (established in 1974) – lapsed in...
The term ‘petrodollar’ denotes the use of the US dollar as the currency for global crude oil transactions. The petrodollar deal, signed between Saudi Arabia and...
While the dollar is still by far the most dominant currency in the forex reserves of the world’s central banks, the greenback’s share in these reserves...
The United States is merrily chipping away at the pillars that hold up the dollar as the world’s reserve currency, with the latest blows coming from...
(Kitco News) – Gold and silver prices are solidly lower in early U.S. trading Friday, in the immediate aftermath of a strong U.S. employment situation report...