Bank of America and Goldman Sachs forecast further appreciation of the yuan against the dollar in 2026

The yuan has jumped to its highest since 2023. What does this have to do with the US government debt?

We should not exaggerate the significance of the dollar's fall over the past year: the U.S. currency is likely to retain its dominant position in the world, IMF chief Kristalina Georgieva said. In January, the value of the U.S. currency fell to its lowest level in almost four years, but partially recovered during the "soft-apocalypse" - the sell-off in technology stocks in early February.

IMF calls dollar's biggest drop since 2017 'short-term fluctuations'

The dollar does not look like a reliable defense against Donald Trump's unpredictable actions, DoubleLine Capital states

"Not volatility, but devaluation": the market is waiting for the dollar to decline despite the rebound

The cost of gold in trading on January 29 showed the sharpest decline since October. It collapsed by 5.7% after <a href="https://oninvest.com/article/zoloto-vzletelo-vyse-5500-serebro-podobralos-k-120-rynok-otorvan-ot-real-nosti">reaching a</a> new high earlier in the day, rising above $5500 per ounce. Silver was falling 8.4 percent. The decline in metals prices coincided with a slight strengthening of the U.S. dollar, Bloomberg <a href="https://www.bloomberg.com/news/articles/2026-01-29/gold-retreats-from-record-above-5-500-as-rally-momentum-slows">wrote</a>. The dollar index was up 0.3% on Thursday.

"We've reached the peak of euphoria": gold price falls sharply after record update

The precious metal broke through $5200, the euro jumped to its highest against the dollar in nearly five years

Gold and the euro soared after Trump's words that the dollar is "doing great" 

The Bloomberg Dollar Index fell 0.7% in trading on January 27, reaching its lowest level since March 2022. The world's main reserve currency is depreciating for the fourth day in a row, demonstrating the worst week since Ma, notes Bloomberg.

The dollar has fallen to its lowest level in almost four years. What is devaluing the currency?

On January 26, the dollar fell to a four-month low, gold and silver broke records and traded at the time of publication around $5130 and $112 per ounce, respectively. Moreover, silver is rising in price faster than gold. The dramatic rise in the prices of protective assets is considered a market fear indicator - investors react to geopolitical shocks. Alexey Basov, head of investment bank BSF Partners, writes in his Telegram channel <a href="https://web.telegram.org/k/#@basovalexey">"Investments of the highnet"</a> why it may be too late to enter this rally.

Dollar collapse, rising gold and silver prices and late entry risks

The dollar on January 26 on the world currency markets fell to its lowest level in four months. The U.S. dollar index, which tracks its dynamics against six world currencies, fell by 0.6% to 97.02.

The dollar is at a four-month low. What is putting pressure on the currency?

Over the last month, the yuan exchange rate showed the best dynamics among Asian currencies

Chinese bank customers converted a record amount of foreign currency into yuan

Traders are willing to bet against the dollar amid increased risks of White House pressure on the Fed to cut interest rates

Trump's pressure on the Fed has collapsed the dollar. Gold and silver have record highs

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The technology sector in Europe and Asia was also pressured by weak sales and earnings figures from US-based Oracle

Equity and cryptocurrency markets declined amid disagreement at the Fed on the rate trajectory

ING investment bank admits yuan strengthening to seven per dollar in 2026

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