Currencies and crypto: Taking advantage of chaos

Plus: markets' breathing space, Iran, Ukraine, BRICS, China and more

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IN THIS NEWSLETTER:

• Currencies and crypto: Taking advantage of chaos

• Markets: breathing space

• Macro-Crypto Bits: BRICS, Ukraine, Iran, geopolitical marketing and more

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WHAT I’M WATCHING:

Currencies and crypto: Taking advantage of chaos

With the US dollar’s global role looking shakier going forward, positioning has already begun on which currencies can take away some of its global reserve market share. It’s not about totally replacing the dollar – it’s about boosting circulation and status in the wake of the incumbent’s chaos.

Of course, eyes turn to the currencies of the world’s second and third largest economies: the euro and the renminbi.

(chart via Bloomberg)

Europe stays defensive