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Europe Attempts to Replace Dollar with Euro:

In annual Euroregion Bank Summit, the significance of Euro in world economy was mentioned. In comparison with 1991, it is more helpful for the Euro region to have an international currency now. European Commission had issued some topics about the ways to make Euro more significant in the world which was related to foreign policies…

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J.P Morgan: Gold is Safer!

According to J.P. Morgan Private Bank, #US_dollar could be vulnerable to a loss of value relative to a more diversified basket of #currencies like gold. Investigating the clients’ portfolios shows that most of them poses far more US dollars exposure than we feel is prudent. They recommend placing a higher weighting on other G10 currencies.…

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Gold and Bitcoin under pressure!

The #Federal_Open_Market_Committee (#FOMC) would not reduce the US dollar #interest_rate according to Donald Trump’s idea. Less than half of the FOMC members agree to reduce the dollar interest rate to 0.5% in September. This issue puts more pressure on #gold and #digital_currencies including #Bitcoin, continuing until the lecture of MR. Powell (FOMC chairman) on Friday.…

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