There were two major economic announcements last week. The Q4/22 GDP, released by the BEA on January 26th was fawned over by the media, and the oil cartel announced their intention to accept payment in currencies other than dollars, a first step in challenging the dollar's reserve currency status.
GDP Beats - Sorry, No Soft Landing; And OPEC+ Threatens Dollar Reserve Currency Status
Forbes - 29 Jan 2023 01:08
There were two major economic announcements last week. The Q4/22 GDP, released by the BEA on January 26th was fawned over by the media, and the oil cartel announced their intention to accept payment in currencies other than dollars, a first step in challenging the dollar's reserve currency status.
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