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De-Dollarization Push: African Payment Provider Tests Platform to Facilitate Local Currency Trade

De-Dollarization Push: African Payment Provider Tests Platform to Facilitate Local Currency Trade

Leave a Comment / Africa, USD /

An African payment infrastructure provider is piloting the Africa Currency Marketplace, which seeks to enable countries to settle trades with local currencies. PAPSS Fees to Be Market-Driven The Pan-African Payment and Settlement System (PAPSS), a payment infrastructure provider backed by 15 central banks, is reportedly piloting a currency platform to enable countries to settle trades […]

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‘Dollar Smile’ Theory Suggests Weaker Dollar Ahead, According to Stephen Jen

‘Dollar Smile’ Theory Suggests Weaker Dollar Ahead, According to Stephen Jen

Leave a Comment / News Bytes, United States US, USD /

Stephen Jen, CEO of Eurizon SLJ Capital, believes the U.S. dollar’s decline is just beginning. Concerns about the US economy and optimism about growth abroad have pushed the dollar to a three-month low, aligning with Jen’s long-held prediction of a weaker dollar. Jen’s “dollar smile” theory suggests the dollar gains during deep slumps or strong

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