Dollar

Gold retreats as firmer dollar offsets geopolitical safe-haven support

Gold prices eased on Tuesday, pulled back by a stronger dollar, ‌while investors assessed the impact of an escalating U.S. and Israeli air war against Iran. Spot gold was down…

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Could the euro replace the dollar as global reserve currency? It’s not getting any less likely

By Sergi Basco, Profesor Agregado de Economia, Universitat de Barcelona A global reserve currency is one that is extensively held by foreign Central Banks. Since the 1944 Bretton Woods agreement…

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Euro hits lowest in 6-1/2 months vs dollar

The euro dropped to its lowest level in 6-1/2 months against the greenback on Monday as investors worried about possible U.S. tariffs that would hurt the euro area's economy. Meanwhile…

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King dollar seen vulnerable in 2024

By Saqib Iqbal Ahmed NEW YORK, (Reuters) - The Federal Reserve's dovish December pivot has boosted the case for the weakening dollar to keep falling into 2024, though strength in…

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Dollar beaten to over two-month low

By Rae Wee SINGAPORE, Nov 20 (Reuters) - The dollar slid to a two-month low on Monday, extending a downtrend from last week as traders reaffirmed their belief that U.S.…

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Dollar unlikely to lose global dominance soon even as BRICS expand – note

LONDON, Sept 1 (Reuters) - The dollar is unlikely to lose its status as the global reserve currency anytime soon, even as the expansion of the BRICS group of developing…

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Signs of de-dollarisation emerging, Wall Street giant JPMorgan says

By Marc Jones LONDON, June 5 (Reuters) - Signs of de-dollarisation are unfolding in the global economy,strategists at the biggest U.S. bank JPMorgan said on Monday, although the currency should…

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ECB’s De Guindos expects dollar to stabilise in coming months

MADRID, Oct 17 (Reuters) - European Central Bank Vice-President Luis de Guindos said on Monday he expected the U.S. dollar to stabilise in the coming months. The dollar has been…

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Sterling recovers with euro as UK fiscal angst recedes, European inflation accelerates

TOKYO, Sept 30 (Reuters) - Sterling and the euro rose to fresh one-week highs on Friday, buoyed by the Bank of England's moves to calm markets and hawkish signals from…

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Dollar sweeps to 20-year high, sterling on the ropes again

SINGAPORE, Sept 28 (Reuters) - Nervous financial markets propelled the safe-haven dollar to a fresh two-decade peak on Wednesday as rising global interest rates fed recession worries, while sterling languished…

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Sterling crumbles to record low, dollar soars on UK fiscal angst

TOKYO, Sept 26 (Reuters) - Sterling tumbled to a record trough on Monday as traders scampered for the exits on speculation the new government's economic plan will stretch Britain's finances…

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Dollar powers to new two-decade high on Fed outlook, Russia jitters

TOKYO, Sept 22 (Reuters) - The U.S. dollar pushed to a fresh two-decade high versus major peers on Thursday, propelled by the Federal Reserve's hawkish outlook for interest rates and…

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Sterling languishes near 37-year low vs dollar

LONDON, Sept 19 (Reuters) - Sterling was weaker against a robust dollar on Monday, hovering near last week's 37-year low, with sentiment towards the British currency remaining weak given a…

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Dollar scales fresh two-decade peak to yen as BOJ targets yields

TOKYO, April 20 (Reuters) - The dollar climbed to a fresh two-decade peak to the yen on Wednesday, buoyed as the Bank of Japan stepped into the market again to defend its…

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Ukrainian and Polish central banks have signed $1 bln hryvnia-dollar swap deal

April 6 (Reuters) - Ukraine's central bank has signed a $1-billion hryvnia-dollar swap deal with Poland's central bank, the deputy governor of the National Bank of Ukraine said in an interview with…

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IMF warns Russia sanctions threaten to chip away at dollar dominance – FT

March 31 (Reuters) - Financial sanctions imposed on Russia threaten to gradually dilute the dominance of the U.S. dollar and could result in a more fragmented international monetary system, Gita Gopinath, IMF's…

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Euro rises to month-high versus dollar, yen recovers

LONDON, March 30 (Reuters) - The dollar fell to its lowest in almost two weeks on Wednesday and the euro gained, with currency traders optimistic about peace talks in Ukraine, even amid…

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Egypt sees exodus of dollars since start of Ukraine war – bankers

CAIRO (Reuters) - Egypt has seen hundreds of millions of dollars leave its treasury markets since the Russian invasion of Ukraine last week as investors flee emerging markets for safer pastures, two…

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Dollar bides time before U.S. CPI; euro stabilizes after ECB pushback

TOKYO, Feb 9 (Reuters) - The dollar stayed in a holding pattern on Wednesday, a day before the release of U.S. consumer price data that may offer new clues on…

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Euro dips after U.S. jobs data aids dollar rebound

LONDON, Feb 7 (Reuters) - The euro dipped on Monday after a surge last week that followed the hawkish turn from the European Central Bank, as traders turned to the…

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Oil prices rise on weaker dollar, likely drawdown in U.S. stocks

Oil prices rose on Tuesday as a weaker U.S. dollar supported commodities and on expectations that crude inventories fell in the United States, the world's biggest oil user, though rising coronavirus cases in…

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Dollar buoyed by U.S. recovery hopes, bitcoin near record $52,640

The dollar held its ground on Thursday after its first back-to-back gains in two weeks as upbeat data bolstered expectations that the U.S. economy would recover from the coronavirus pandemic…

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Libya’s central bank drops dollar purchase fees to 163%

Reuters reports that the Libyan Presidential Council on Tripoli of the Government of National Accord (GNA) announced on Tuesday that it will cut the fee on sales of dollars and…

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Acting IMF chief backs monetary easing by central banks in view of slow growth and global risks

David Lipton, the acting IMF chief, has backed new monetary stimulus by the world’s top central banks to sustain the flagging global economy — in a thinly veiled nod to…

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Saudi Arabia considering ditching dollar for oil trades

In an exclusive report, Reuters said that Saudi Arabia is threatening to sell its oil in currencies other than the dollar if Washington passes a bill exposing OPEC members to…

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Turkey raises tax on foreign currency deposit accounts to support struggling Lira

Turkey has raised a tax on foreign currency deposit accounts and scrapped another on lira savings as it tries to shore up its struggling currency. According to a decision published…

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Libyan Central Bank mulling reduction of taxes on dollar exchanges to curb smuggling

The Libya Observer reports that the Central Bank of Libya (CBL) is considering to reduce 200% taxes on selling US dollars at the commercial banks to Libyans in coordination with the…

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