US Dollar Hammers Chinese Yuan, Indian Rupee & Japanese Yen
In a recent development, the US dollar has emerged as the ultimate winner in a clash against notable currencies. The US dollar has risen against many leading currencies, notably the Chinese Yuan , Japanese Yen , and Indian Rupee , proving its mettle and might as the chief global currency. The emergence of the dollar’s prominence on a global scale denotes its lasting legacy and the faith that consumers have projected in the currency. Amid calls for de-dollarization and “dollar ditching,” the latest geopolitical tensions have pivoted investors to take refuge in gold and USD as a hedge during stark economic meltdowns. Also Read: 3 Reasons Why Other Countries Are Ditching the US Dollar US Dollar Rises: Yuan, Yen, and Rupee Falls: What Happened? Source: thuancapital.com On Wednesday morning (IST), the DXY index tracking the strength of the US dollar portrayed USD hovering at 106.36. USD was up by a notable 0.10%. The dollar is now projecting green as oth...