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Markets prove robust in face of stresses but recent history shows how slip-ups can emerge
High interest rates break currency’s habit of rallying on geopolitical strains
More evidence on how the greenback’s global role affects the real economy everywhere
Proposals of a ‘synthetic hegemonic’ alternative face steep obstacles
How the Banque du Liban’s obsession with foreign currency reserves destabilised the Lebanese financial system.
Outlook for 2020 indicates confidence that US currency will fall if global growth keeps pace
Does anyone really understand the convoluted and labyrinthine nature of the repo market?
Mike Mackenzie’s daily analysis of what’s moving global markets
EU leaders believe the euro needs to play a larger role in order to compete against the US and China
The structure of the international financial system makes regime change difficult
Debt deal potentially worth $6bn would double last year’s total dollar issuance
Rising US liabilities for entitlements could undermine the dollar
Reduction is part of Kremlin plan to shift towards euro and renminbi
Beijing seeks to take advantage of low interest rates to diversify away from dollar debt
For all the threats to US third-quarter earnings, investors have seemingly ignored them all
Shift away from pounds acts as protection from Brexit-related currency swings
IMF paper highlights that, if anything, non-US banks have become more exposed to higher funding costs
The president has merged America’s economic policy with its security strategy
The story behind how the scramble for intraday liquidity helped to create US tri-party repo and a shadow central banking system.
Political risks prompt rethink of US currency’s weighting in foreign exchange reserves