In a currency war, what is the probability that ETH or BTC could become the world's dominant currencies?
Tensions rise as Saudi Arabia plans to adopt an economic strategy without US dependence amid deteriorating relations under the Biden administration. This could lead to a surge in gas prices and further global economic uncertainty.
Are we witnessing a full-blown currency war? The USD and Chinese Yuan seem locked in a fierce battle, while the Euro and Indian Rupee teeter on the edge. As tensions rise, what will be the fallout for the global economy?
OPEC+ Surprise Output Cuts: Balancing Act Amid Geopolitical Tensions and Economic Uncertainty
The OPEC+ decision to unexpectedly cut oil output by 1.16 million barrels per day could lead to negative economic consequences. Higher oil prices can put a strain on global economic growth, particularly affecting nations with heavy dependence on oil imports. In light of the ongoing geopolitical tensions, the OPEC+ decision adds another layer of complexity to an already uncertain global economic landscape.