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Mail & Guardian
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The Pan-African Payment and Settlement System seeks to liberate the continent from the dollar without waiting for a common currency – but there are hurdles to overcome. File photo

Trump’s actions mask deeper fears of dollar decline

The dollar’s international clout is expected to erode over the next 10 years and potential alternatives through Brics+ are perceived as a threat

South African Reserve Bank governor Lesetja Kganyago. Photo: Waldo Swiegers/Bloomberg/Getty Images

Explainer: How the Reserve Bank decides on interest rates

Movements in headline inflation are a key indicator, but decisions are also influenced by central banks around the world, especially the US Federal Reserve

The retail price of both grades of petrol sold in South Africa will dip by 7 cents a litre from Wednesday. (Waldo Swiegers/Bloomberg via Getty Images)

Hefty fuel increase for October

Higher crude oil prices, US refinery shutdowns, global diesel shortages and a weaker rand among the factors blamed

Victoria Nuland testifies before the Senate Foreign Relations Committee in the Dirksen Senate Office Building on Capitol Hill, January 26, 2023. Photo by Chip Somodevilla/Getty Images

EXCLUSIVE: De-dollarisation debate is ‘just talk’ says Victoria Nuland

The US acting deputy secretary of state said the US dollar was a driver of ‘global good’

The Pan-African Payment and Settlement System seeks to liberate the continent from the dollar without waiting for a common currency – but there are hurdles to overcome. File photo

Pushback heightens against exorbitant US dollar

The dollar’s dominance provides a platform for Uncle Sam to protect his political power and enforce its geopolitical objectives

Brics is marching towards a unified currency

Brics nations are intent on forming a currency that facilitates equitable treatment in global trade and addresses the US dollar as a tool for American supremacy

The dollar’s pre-eminence is a massive problem for developing economies such as South Africa, we do need another order – which may in fact be beneficial for the US itself. (Photo by Tom Stoddart/Getty Images)

Is this the end of the dollar as the world’s reserve currency?

The West’s actions against Russia since the war in Ukraine could signal an emerging new order that shuns the US for weaponising the dollar

President Trump’s administration re-imposed sanctions lifted under the 2015 nuclear deal after pulling out of the international agreement reached between Iran, the United States and five other powers. (Reuters)

Dollar weakens after Trump’s Fed comments

The dollar has been on the ascent in recent months, but it stumbled after Trump’s latest criticism of the central bank

(John McCann/M&G)

Muscular dollar awes the rest

South Africa is less likely to suffer but investors will look for the elusive factor — growth

Emerging markets have been pummelled in recent weeks on the back of fears that the US Federal Reserve could begin reining in its extremely loose monetary policy

Dollar strengthens as emerging market selloff deepens

Further tapering of monetary stimulus, announced by the US Federal Reserve, has seen the dollar climb while other currencies feel the pressure.

Fed reduces bond buying amid growing economy

The dollar has gained after US Federal Reserve chairperson Ben Bernanke announced plans to taper monthly bond purchases.

Techies ride Zim’s internet wave

Developers have little knowledge about how to turn their ideas into dollars, but this is changing.

Gold up on news of US rating downgrade

Analysts have warned against too much optimism, saying investors turn to the metal when they are worried about the dollar.

(Gallo)

Rand falls in run-up to manufacturing output data

As the rand weakened for the first time in three days against the dollar, economists expect a report will show manufacturing growth slowed in August.

Rand weakens to 5-year low and bonds drop on Fed tapering

The switch from punch to mojitos

The US exit from quantitative easing will not be a sober affair, especially for developing economies.

Emerging markets have been pummelled in recent weeks on the back of fears that the US Federal Reserve could begin reining in its extremely loose monetary policy

Rickards: Developing markets should step up controls

Investment Banker and author James Rickards says emerging markets should consider implementing capital controls.

Rand weakens sharply, stocks slide

The rand fell to a new, six-and-a-half-year low against the dollar on Wednesday, and local stocks also plunged on falling commodity prices.

Rand falls to six-year low against dollar

The rand fell to a six-year low against the dollar on Wednesday, losing about 60% of its value this year as it dipped as low as 11,07 to the dollar.

Rand weak against dollar, tracks softer euro

The rand weakened against the dollar on Tuesday, tracking losses in the euro, but should find some support during the session, traders said.

Oil price lowest in three months

Oil fell to its lowest price in three months on Friday, briefly touching the level after the dollar muscled higher.