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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Tishwash: Urgent | In response to the rising dollar exchange rate, the Central Bank of Iraq reassures the local market: Starting Sunday, several measures will be implemented to meet foreign currency needs.
An informed source stated on Thursday that the Central Bank of Iraq will begin, starting next Sunday, to expand the scope of import financing and increase the support provided to banks, in line with actual commercial needs.
The source said the move aims to facilitate financing for necessary imports and accommodate a wider range of commercial goods, noting that the central bank continues to monitor market developments and take the necessary measures to ensure the smooth flow of foreign trade financing and meet the legitimate demand for foreign currency
MilitiaMan & Crew: The 2026 Economic Outlook: What’s Really Happening with the Dinar
9-18-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
Follow MM on X == https://x.com/Slashn
The Dollar Is Besieging The Dinar... Washington Continues To Use Its Tools To Weaken The Iraqi Currency
Information / Report The Iraqi economy has recently been experiencing financial and monetary instability, clearly manifested in the successful surges in the exchange rate of the US dollar against the Iraqi dinar in local markets. This sudden rise was not a coincidence, but rather the result of a complex interplay between external pressures and emergency domestic monetary policies that disrupted the balance of supply and demand.
Good Morning Dinar Recaps,
AI FINANCIAL RESET: IMF WARNS EUROPE'S AI BOOM COULD STRAIN ENERGY, CAPITAL AND ECONOMIC BALANCE
THE IMF SAYS ARTIFICIAL INTELLIGENCE COULD BOOST EUROPEAN PRODUCTIVITY, BUT RAPID AI EXPANSION COULD ALSO INCREASE PRESSURE ON ENERGY GRIDS, CAPITAL MARKETS, LABOR MARKETS AND EUROPE'S STRATEGIC TECHNOLOGY POSITION.
5 Steps To Master Your Money
Simple strategies to help fund your future.
Fidelity Viewpoints
Key takeaways
Define clear goals and make a plan to help guide your financial decisions.
Set up automatic transfers to help boost your savings and keep you on track.
Build up your emergency savings to cover unexpected essential expenses
Friday Night Video
FRANK26….9-18-26….BANKING REFORMS
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#
Ariel: The September 30th Ignition Sequence
9-18-2026
Sept-30th: The Ignition Sequence (What You Need To Look For)
Post-September 30 Sovereignty Window → 2027 Budget Submission —Ground Assessment
I. WHAT SEPTEMBER 30 ACTUALLY DELIVERS
The Ministry of Finance’s declaration of financial sovereignty is not a ceremonial gesture. It is a legal severance. Specifically, it terminates the artificial program rate the managed peg that has kept IQD suppressed since the reconstruction era. That program rate was never a market rate.
Russia’s Digital Ruble Is Here — The Real Shift Isn’t the Currency, It’s the System Underneath It
Lynette Zang: 9-18-2026
Russia’s digital ruble has moved into a major new phase, with large banks and retailers now required to support the infrastructure while individual use remains voluntary.
Lynette Zang breaks down what changed on September 1, why the central bank account structure matters, and the bigger question investors should be asking: what can this new monetary rail be made to do later?
Cabinet Reviews Fuel Subsidy, Lawmaker Says
2026-09-17 Shafaq News- Baghdad Iraq’s Council of Ministers is reviewing recent decisions to remove fuel subsidies for some sectors amid efforts to address fuel shortages across the country, a member of parliament’s Oil, Gas and Natural Resources Committee said on Thursday.
Bruce’s Big Call Dinar Intel Thursday Night 9-17-26
Transcribed By WiserNow Emailed To Recaps (INTEL ONLY)
Welcome everybody to the big call tonight. It is Thursday, September 17. You're listening to the big call. Thanks for tuning in, everybody all over the globe. Sorry about my voice; it's a little bit lower than normal, but we'll try to work with it and make it through the call.
Thank you, Bob, for that. Appreciate that. Everybody can get on the site, put an order together. If they have any questions or any problem they've got, they can go ahead and call customer support. Excellent. Thank you, Bob. Okay, guys, I'm going to try to make it through the Intel segment with you.
Good Afternoon Dinar Recaps,
EU BANKING RESET: EUROPE PUSHES FOR DEEPER CAPITAL MARKETS AND STRONGER CROSS-BORDER BANKING
EUROPEAN OFFICIALS ARE CALLING FOR A MORE INTEGRATED BANKING AND CAPITAL-MARKET SYSTEM, WITH GREATER CROSS-BORDER SCALE AND INVESTMENT CAPACITY TO HELP EUROPE COMPETE IN AN INCREASINGLY COMPETITIVE GLOBAL FINANCIAL SYSTEM
Clarity Act Fallout, CBDC Ban & Iraq RV — How Close Are We? | Rob Cunningham
Jon Dowling and Chris Real World: 9-17-2026
In a recent episode of the Jon Dowling podcast, host Jon Dowling sat down with Rob Cunningham, a retired Air Force captain and prominent crypto financial analyst, to unpack these complex dynamics.
The wide-ranging discussion centered on the legislative inertia in Washington, particularly the recent failure of the U.S. Clarity Act to pass, and what this means for the future of digital assets, international monetary sovereignty, and the legacy global banking system.
Coffee with MarkZ, joined by Mr. Cottrell. 09/18/202
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
MZ: Progress continues and rumors fly. We will see what Mr. Cottrell has to bring to the table this morning.
MZ: I’m pretty giddy. Iraq is even announcing that Sept 30th is “Financial Sovereignty Day” along with removal of troops….. We hope this means Change the dinar value day. Many things are screaming “This is our month”
Ariel: IQD Update from the Horse’s Mouth
9-18-2026
What more do you need to see?
The SEC’s September 17, 2026 Innovation Exemption removes regulatory barriers, enabling the DTCC to initiate asset tokenization on Ripple (XRP Ledger) in October. This aligns with the Central Bank of Iraq’s (CBI) digital Dinar (dIQD) framework, which enforces 1:1 parity with physical IQD through a permissioned ledger governed by the Trade Bank of Iraq, Rafidain, and Rasheed Banks.
Emailed to Recaps~ Thank you David
Reset Intelligence: A Sovereign IQD.
By Reset Intelligence | @EXIT_FIAT
Everyone has read September 30 as the day the troops leave Iraq. On Thursday, Iraq's Ministry of Finance read it differently.
The ministry posted on its own account: "Sovereignty in money... that the financial decision be Iraqi." Dated September 30.
Good Morning Dinar Recaps,
GLOBAL BOND RESET: RISING RATES AND $100 OIL PUT GOVERNMENT DEBT UNDER NEW PRESSURE
RISING ENERGY COSTS AND A NEW WAVE OF CENTRAL-BANK TIGHTENING ARE PUSHING GOVERNMENT BOND MARKETS INTO A MORE DIFFICULT ENVIRONMENT, RAISING QUESTIONS ABOUT DEBT COSTS, INFLATION AND THE FUTURE STRUCTURE OF GLOBAL FINANCE.
Debt management: How To Avoid Common, But Costly, Money Mistakes
May 27, 2026 Malena de la Fuente and Aaron Goodman
Americans are carrying more debt than ever before. Total household balances now approach $19 trillion, reflecting a steady increase over the past decade.1 In 2025, millennials in their mid-30s held roughly twice as much nonhousing debt—including student loans, auto loans, and credit card debt—as baby boomers did at a similar age.2
Slemani Summit: Iraq’s President Urges Economic Diversification
2026-09-17 / 02:40 Shafaq News- Al-Sulaymaniyah Iraqi President Nizar Amedi on Thursday called for economic diversification, greater investment and stronger action against corruption, saying Iraq must improve its investment climate to attract capital and support sustainable growth.
The Next Financial Crisis Is Coming... And This One Has No Bailout
Peter Schiff: 9-18-2026
Following the Federal Reserve's unanimous 12-0 vote to raise its policy rate 25 basis points, Fox Business host Liz Claman brings together BNY Investments chief economist Vincent Reinhart and Euro Pacific Asset Management's Peter Schiff to break down new Fed Chair Kevin Warsh's first rate decision.
Schiff argues the hike is too small and too late to contain inflation, noting the Fed was backed into a corner after months of hawkish signaling and that a single 25 basis point move will not derail rising prices.
Ariel: We are in the Home Stretch
9-18-2026
Do You All Know What Just Happened?
We Are In The Home Stretch
This comes off the announcement by The Ministry of Finance in Iraq how declared September 30th to be financial sovereignty day.