Finally, the superiority of the dollar – the way for «petroyuan»
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Finally, the superiority of the dollar – the way for «petroyuan»

Deutsche Bank foresees a broad weakening of the dollar, with George Saravelos, head of the global exchange strategy, assessing that deescalating the risks surrounding the war in Iran opens the way for a new retreat cycle of the American currency. The bank proposes selling the dollar index, predicting a possible rise in the euro/dollar rate above 1.20. The main factors are the reduction in return in the US, the slowdown of capital flows and the possible strengthening of «petroyuan»With China expanding its role in the Middle East.

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Over $100 after the American blockade of Iranian ports
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Over $100 after the American blockade of Iranian ports

The price of American oil again exceeded $100 a barrel on Sunday to Monday night, in the first transactions after opening markets. The rise followed the announcement of the US armed forces to block Iranian ports, due to the absence of an agreement to end the war in the Middle East. West Texas Intermediate (WTI) for delivery in May rose 7%, while Brent North Sea for delivery in June reached 101.80 dollars with an increase of 6.8%.

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