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Strategic Alliances in a Shifting Global Landscape

In a world marked by geopolitical tensions and shifting alliances, Russian President Vladimir Putin and Chinese President Xi Jinping have positioned themselves as defenders of a new world order. Their recent meeting in Moscow, coinciding with the 80th anniversary of the end of World War II, underscored their commitment to countering Western influence and promoting a multipolar global system. During the talks, Putin and Xi emphasized their shared vision of international stability, rejecting what they described as "unilateralism and bullying"—a veiled reference to the United States. Xi reaffirmed China's support for Russia, highlighting their strategic partnership and mutual interests in shaping global governance. The leaders also pledged to safeguard the authority of the United Nations and advocate for the rights of developing nations. This alliance comes at a critical time, as both nations face economic and political challenges. Russia continues to navigate Western sancti...
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Dollar’s Downturn: A Five-Month Low Amid Rate Cut Speculation


The U.S. dollar is poised for its most significant weekly decline in five months, driven by the Federal Reserve’s potential shift towards rate cuts, contrasting with the firmer stance of European central banks.

This divergence has fueled gains for the euro and the pound, while futures markets now reflect a 75% likelihood of a U.S. rate cut by March. Despite a rally in risk assets, concerns linger over the U.S. economy’s slowdown and persistent inflation, which could prompt a return of inflation if the Fed eases too quickly. 

Meanwhile, the ECB and BoE maintain their focus on combating inflation, with investors still anticipating rate cuts next year. The yen has also strengthened, marking its longest streak of gains against the dollar since mid-2020.

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