ClearValue Team Insights
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The Surge of the U.S. Dollar: Who Wins And Who Loses?
The U.S. dollar has been on a significant upswing recently, gaining value against many other world currencies. This rise in the dollar’s value has various implications that affect consumers, businesses, and even entire economies globally. To grasp the full picture, let’s explore what makes the dollar strong, why it matters, and who benefits or suffers […]Read More
Dedollarization: Saudi Arabia terminates 80-year petrodollar deal
Saudi Arabia has terminated an 80-year petrodollar deal with the United States. Saudi’s oil sales were exclusively in US dollars, and this deal has recently been terminated on June 9th. Saudi Arabia will use other currencies instead such as the Euro and Russian ruble. The U.S. dollar is likely to get weaker, which is bullish […]Read More