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LatAm Bloc and GCC initiatives to end dollar monopoly

19 hours ago ago from Quick Take - As It Happens

nine Latin American nations said Saturday they plan to use a new currency dubbed the for trade among themselves starting in January. No sucres will be printed or coined, but the virtual currency will be used to manage debts between governments while reducing reliance on the U.S. dollar and on Washington in general. (via Leftist LatAm Bloc to Begin Using Its Own Currency NYTimes.com ). Closely behind Quick on the heels, was the ...

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Dollar Extends Gains, Bond Yields Fall

11 hours ago ago from 4ExBlog.com - Your One Stop Forex Source

Posted by: Forex Weekly Reports (ActionForex.com) The US dollar was the star performer of the week once again as the DXY dollar index reached its highest level since September and registered its third consecutive weekly gain. Sterling outperformed against the G-10 currencies except the Canadian dollar and the US dollar despite a sharp sell-off towards the Go to Source

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