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Broker Gulf Brokers Ltd. was searching for reasons why american dollar is getting weaker against EUR and CNY.
Our analysis was published by Nasdaq official website:
https://www.nasdaq.com/articles/reducing-power-of-us-dollar-as-the-world-currency-proves-to-be-trend-2019-12-03
Reducing power of US dollar as the world currency proves to be trend
After repeated warnings over the past few years, Turkey and Russia signed recently an agreement to increase the use of rouble and lira in cross-border payments, when Turkey signed to join the Russian alternative to SWIFT, the international telecommunications protocol used by banks worldwide, including central banks.
Our analysis was published by Nasdaq official website:
https://www.nasdaq.com/articles/reducing-power-of-us-dollar-as-the-world-currency-proves-to-be-trend-2019-12-03
Reducing power of US dollar as the world currency proves to be trend
After repeated warnings over the past few years, Turkey and Russia signed recently an agreement to increase the use of rouble and lira in cross-border payments, when Turkey signed to join the Russian alternative to SWIFT, the international telecommunications protocol used by banks worldwide, including central banks.