Foreign governments hold reserve currency in their central banks to help reduce the risk of exchange rate fluctuations. A reserve currency is also used to price commodities that all economies need, ...

Federal Reserve Governor Christopher Waller outlined the case for the world continuing to use the U.S. dollar as the primary reserve currency for international trade in remarks on Thursday. "Recent ...

I am hearing the rumor again: the BRICS countries plan to launch a single currency to dethrone the US dollar as the world’s ...

The dollar is the global reserve currency. This has long been called the “exorbitant privilege”. It’s considered a huge advantage for the U.S. that the dollar holds this status – or so the story goes.

Another influential left-wing news organization opined this week that the United States dollar is losing its global reserve currency status. The piece argued that the European Monetary Union will ...

Ohio Republican Sen. J.D. Vance asked Federal Reserve Chairman Jay Powell during a Senate Banking Committee hearing Tuesday about the "costs" of the U.S. dollar acting as the world's reserve currency.

The dollar is the world's reserve currency, the backbone of the globalized economy. Would that remain the case if political instability throws the United States off-balance in an election year? Maybe.

If the last 700 years are any indication, reserve currencies have a shelf life of roughly 100 years. The U.S. dollar (USD) officially became the world reserve currency 77 years ago (Bretton Woods, ...

Every few years, the economic and financial media run stories prophesying the end of the U.S. dollar’s role as a reserve currency, its replacement with the Chinese renminbi, and the supposed ...

A global reserve currency is one that is extensively held by foreign Central Banks. Since the 1944 Bretton Woods agreement this position has been occupied by the US dollar and it still holds true – ...

Some fear stimulus spending to offset the worst of the economic shutdown during the COVID-19 pandemic and the Federal Reserve's injection of billions into the economy threaten the U.S. dollar's ...

Gold has long been an asset that central bankers prefer to hold on their balance sheets. Today, with global finance digitizing by the month, an asset born entirely on the internet is now auditioning ...