Dollar Soars As Recession Fears Finally Hit The Round-The-Clock Currency Market
Dollar Soars As Recession Fears Finally Hit The Round-The-Clock Currency Market
Published: July 5, 2022 By Vivien Lou Chen
U.S. and global recession fears have finally hit the round-the-clock currency market after more than a month of evaluation by traders — sending the dollar to its highest levels of almost 20 years as it jumped versus several rivals on mounting growth concerns.
The ICE U.S. Dollar Index DXY, 0.27% rose 1.5% to 106.69 on Tuesday, the highest level since 2002. The greenback’s pronounced strength indicates that a recession is turning into “more of a global phenomenon, reflecting less places to hide in the world,” said Tom Nakamura, a portfolio manager and currency strategy at AGF Investments in Toronto.
The euro EURUSD, -0.37%, Australian AUDUSD, -0.60% and Canadian dollars USDCAD, 0.27%, and Norwegian krone USDNOK, 0.69% underperformed by comparison, while emerging-market currencies like the South African rand USDZAR, 0.48%, Hungarian forint USDHUF, 0.56%, and Chilean peso USDCLP, also took a hit. Meanwhile, the Japanese yen USDJPY, 0.71% stabilized.
The currency market is only now coming around to the fears being reflected in the stock and bond markets, which is that central banks will likely be forced to drive rates substantially higher to combat inflation at the sacrifice of growth. Part of the reason for the delay is that markets were still “caught in carry mode,” or the ability to earn profits by borrowing in one currency to purchase another, Nakamura said via phone on Tuesday.
The “real blow” to all that “is the realization that Europe is going to face an energy crisis and not see any relief,” he said. “All the drivers of inflation aren’t going to go away any time soon, recession is now a global phenomenon, and we’re not seeing enough reasons why central banks would slow down in tightening.”
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A Generational Financial Reset Is Here : Felix Nikolas Prehn
10-9-2026
On this episode of the WTFinance podcast I had the pleasure of welcoming back Felix Nikolas Prehn. Felix Nikolas Prehn is an economist and former investment banker, trained in London and Hong Kong.
His reading of markets was shaped by mentors who spent careers inside the institutions: hedge fund managers, Wall Street professionals, and senior banking figures.
We’re in a “WARTIME ECONOMY” & GOLD Is a National Security Asset | Graham Summers & Michelle Makori
Miles Franklin Media: 10-9-2026
Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, speaks with Graham Summers, President and Chief Market Strategist at Phoenix Capital Research and Macroeconomics Fellow at the Homeland Defense Institute, about why he believes the U.S. is already operating on a wartime economic footing as its economic competition with China reshapes national security, critical minerals, financial markets, and gold.
Bruce’s Big Call Dinar Intel Thursday Night 10-8-26
Transcribed By WiserNow Emailed To Recaps (INTEL ONLY)
Welcome everybody to the Big Call tonight. It is Thursday, October eighth, and you're listening to the Big Doll. We do have a little echo in the background, and it may be affecting the recording. We don't know, but it's not going to deter us from continuing with the call.
I appreciate that, Bob. Thanks. Let's let's go ahead and talk about where we are on Intel today. This is not going to be a super long segment. I don't plan to to drag it out. you know. You guys know I try to come up with a reasonable timeline based on the intel that we get, so we can kind of get an idea of when everything is going to go.
Good Afternoon Dinar Recaps,
GLOBAL FINANCIAL INFRASTRUCTURE RESET: WALL STREET MOVES TOWARD TOKENIZED SECURITIES AS IMF WARNS OF NEW RISKS
Blockchain-based securities are moving closer to mainstream financial markets, while new warnings from the International Monetary Fund highlight why secure settlement, clear rules and investor protection will be essential to the next phase of digital finance.
MilitiaMan & Crew: Iraqi Dinar Update: Important Economic Shifts You Need to See
10-8-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Straight reporting on Iraq’s economy. CBI policy, the budget, oil, banking reform, and the exchange rate — read clean and interpreted without the noise. This channel started as daily phone calls to Mom with the latest dinar news. After she passed in 2022, I built a team so that same standard could keep going for everyone following the story.
Follow MM on X == https://x.com/Slashn
“Still on Course” – RV/GCR Live Chat from Wolverine 7-8-26
We got some good news coming through. we are still on course to get this done and nothing has changed. The private contractor are waiting for notifications to get paid all contracts signed and waiting for banks to release the funds. We are talking about over quintillions of dollars, this amount of funds are not accomplished during regular banking hours, and people are waiting.
Tier4B I am not into that and Tony has given the intel for this.
I do have some good news regarding Dinar.
Emailed to Recaps~Thank you David
Reset Intelligence: Iraq Goes First
By Reset Intelligence | @EXIT_FIAT
Iraq's Central Bank moved the IQD to 1,500 on Wednesday. Read that cut as the end of the story and you miss what Iraq is doing.
It is the first move in a sequence. Lower the rate. Replace the currency. Raise the rate.
"A Hasty Decision That Harmed The Citizen," MP Walaa Al-Jizani Said: "Raising The Dollar Exchange Rate Has Had Negative Effects On The Street, And Parliament Is Moving To Discuss Its Repercussions"
Baghdad - One News - 10/07/2026 Deputy Walaa Al-Jizani, Vice President of the Badr parliamentary bloc, described the government’s decision to raise the dollar exchange rate as “hasty,” stressing that its repercussions have negatively affected the public and harmed citizens.
Good Morning Dinar Recaps,
GLOBAL AI DEBT RESET WATCH: OPEN AI REVENUE GAP RAISES NEW QUESTIONS ABOUT THE AI BORROWING BOOM
New questions about how AI companies report revenue are emerging as technology giants pursue enormous financing deals, putting investor confidence and the sustainability of the AI investment boom under greater scrutiny.
Rob Cunningham: Money is Getting a Makeover
10-8-2026
MONEY IS GETTING A MAKEOVER
Forget crypto jargon. Forget politics. Forget financial terms.
Think about something everybody understands:
We buy a house. We want a deed.
We buy a car. We want a title.
KTFA
Thursday Night Video
FRANK26……10-8-26….NICE TRY PARLIAMENT
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
CBI Tells Lawmakers New Dollar Rate Is Final
2026-10-08 Shafaq News- Baghdad Central Bank of Iraq (CBI) governor Nizar Hussein has informed parliament's Finance Committee that the new official exchange rate of 1,500 dinars to the dollar is fixed and cannot be changed, a parliamentary source told Shafaq News on Thursday. Hussein told committee members that changing the rate in the budget law would mean redrawing every table and line item in the draft, which was built on 1,500 dinars to the dollar, the source said.
Should Paper Checks Be Abolished Like The Penny?
Good Partner Tue, September 8, 2026 Jay L. Zagorsky
While Americans are writing fewer checks, they haven't abandoned this means of payment.
Germany is getting rid of paper checks at the end of 2027. Australia is bidding them farewell by 2030. U.S. President Donald Trump followed up his order killing off the penny with an executive order stopping check writing by the federal government.
Should the U.S. follow these other countries and broadly eliminate the ability to write checks?
BRICS Not Opposed To the US Dollar, Confirms Diplomat
Vinod Dsouza September 30, 2026 BRICSBusiness
Russian Ambassador to India Denis Alipov confirmed at the NDTV Defense Summit that the BRICS alliance is not opposed to the US dollar. He stressed that no member nation has spoken in an anti-Western tone at the September summit in India. Member countries have also not promoted any form of anti-Western agenda to push policies, he said.
Rob Cunningham: Forget Crypto, Watch What is Happening to Money
10-8-2026
Forget Crypto. Watch What Is Happening To Money Itself.
Our Money Is About To Work Differently – Forever.
And Almost Nobody Understands What – or Why – It’s Happening.
Historic Gold Rush Reprices Global Debt
Kinesis Money: 10-8-2026
In this week's Live from the Vault, Andrew Maguire details how central banks swapping dollars for physical gold at an unrivalled pace are quietly forcing a repricing of global debt — and why this gold rush marks something far bigger than a market rally.
As the Fed remains the last major institution still sitting on gold valued at a fraction of its true market price, Andrew outlines why he sees this gold rush not as a rally, but as the opening chapter of a fundamental restructuring of the monetary order
Parliamentary Finance: The Government Received Debts Of About 210 Trillion Dinars
Money and business Economy News _ Baghdad A member of the Parliamentary Finance Committee, Yousef al-Kalabi, on Thursday, that the Iraqi government has received a difficult financial situation in light of the accumulation of debt and the decline in oil revenues.
Good Afternoon Dinar Recaps,
INDIA RESET WATCH: $30 BILLION IN FOREIGN OUTFLOWS PUTS NEW PRESSURE ON THE RUPEE
India's rate hike has failed to stop the flow of foreign capital, while rising oil prices and inflation are adding to pressure on the rupee and financial markets.
Coffee with MarkZ, joined by Dr. Scott Young. 10/08/2026
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
MZ: The move to 1500 still has people scratching their heads, middle east politics, Europe and then Dr. Scott joins us to take your questions.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
KTFA
Friday Night Video
FRANK26…10-9-26…….TELL ME MORE
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#