After years of moving away from the U.S. dollar, Russia is now planning to rejoin the dollar settlement system as part of a huge economic partnership with the United States. Back in 2022, US banks froze Russian assets during the Ukraine war, which pushed Moscow to adopt a de-dollarization strategy. Many countries also followed, reducing their reliance on the dollar. Now, Russia is coming back.
#CPIWatch GLOBAL MACRO UPDATE:- CPI data today = high volatility in crypto. If inflation comes lower → bullish momentum If higher than expected → possible dump $BTC $XAU