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US dollar dominance not under threat, despite risks: Fed official
US dollar dominance not under threat, despite risks: Fed official
Economy
by  AFP

The status of the US dollar as the world's reserve currency is likely to continue, despite threats posed by China's rise and the growth of cryptocurrencies, a US Federal Reserve official said Thursday. "I do not expect to see the US dollar lose its status as the world's reserve currency anytime soon, nor even see a significant decline in its primacy in trade and finance," he added. da/des

Bitcoin's renewed euphoria as price keeps rising
Bitcoin's renewed euphoria as price keeps rising
Technology
by  AFP

Bitcoin is forecast to keep on rising after hitting fresh two-year highs above $50,000 on Thursday, leaving analysts to wonder whether investors have moved on from recent cryptocurrency setbacks, including scandals. The world's biggest cryptocurrency reached $52,749, a high since December 2021.