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3232Chinese Currency Breaches 7:1 Exchange Rate Against US Dollar for First Time in Two Years
https://www.digit.info/chinese-currency-breaches-71-exchange-rate-against-us-dollar-for-first-time-in-two-years/
Wed, 21 Sep 2022 07:49:42 +0000https://www.digit.info/2022/09/21/chinese-currency-breaches-71-exchange-rate-against-us-dollar-for-first-time-in-two-years/Read more]]>The offshore exchange rate of China’s fiat currency versus the U.S. dollar recently breached the 7:1 mark for the first time in over two years, after it touched a new 2022 low of 7.0188 yuan for every dollar on September 15. Similar to other global currencies that have depreciated in 2022, the yuan’s decline is […]
]]>Biden Administration Lowballs Inflation Predictions, Report Says Americans Are ‘Fixated’ on Dollar Value
https://www.digit.info/biden-administration-lowballs-inflation-predictions-report-says-americans-are-fixated-on-dollar-value/
Tue, 29 Mar 2022 21:30:39 +0000https://www.digit.info/2022/03/29/biden-administration-lowballs-inflation-predictions-report-says-americans-are-fixated-on-dollar-value/Read more]]>As inflation continues to wreak havoc on American wallets, the U.S. dollar’s lack of purchasing power has been affecting nearly every U.S. resident’s spending decisions. On Monday, U.S. president Biden and his administration predicted lower inflation forecasts as officials announced Biden’s proposed budget for the 2023 fiscal year. According to marketwatch.com author Victor Reklaitis, the […]
The offshore exchange rate of China’s fiat currency versus the U.S. dollar recently breached the 7:1 mark for the first time in over two years, after it touched a new 2022 low of 7.0188 yuan for every dollar on September 15. Similar to other global currencies that have depreciated in 2022, the yuan’s decline is […]
As inflation continues to wreak havoc on American wallets, the U.S. dollar’s lack of purchasing power has been affecting nearly every U.S. resident’s spending decisions. On Monday, U.S. president Biden and his administration predicted lower inflation forecasts as officials announced Biden’s proposed budget for the 2023 fiscal year. According to marketwatch.com author Victor Reklaitis, the […]