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3 mins read
Gold and some non-dollar currencies start to shine, but it's not all about de-dollarization
The US dollar is used in about 50% of all global payments and 84% of trade finance contracts — far …
Huileng Tan
3 mins read
De-dollarization is a fad that will backfire on countries trying to move away from the greenback, currency expert says
Dollar dominance is sticking around for at least the next few decades, one currency expert told Bus…
Jennifer Sor
2 mins read
Rupee falls 17 paise to close at 83.60 against US dollar
The rupee depreciated 17 paise against the US dollar and settled at 83.60 (provisional) on Wednesda…
PTI
2 mins read
Trump wants a weaker dollar, but analysts say his policy direction points to just the opposite
The US dollar, the world's reserve currency, is a haven currency that thrives on uncertainty.
Huileng Tan
1 min read
Rupee declines 5 paise to 83.43 against US dollar in early trade
At the interbank foreign exchange, the domestic unit opened weak at 83.39 against the greenback and…
PTI
2 mins read
Rupee falls 7 paise to settle at 83.35 against US dollar
The rupee declined 7 paise to close at 83.35 (provisional) against the US dollar on Friday as a str…
PTI
2 mins read
Rupee falls 6 paise to settle at 83.39 against US dollar
At the interbank foreign exchange market, the local unit opened at 83.32 and oscillated between …
PTI
2 mins read
Rupee slips to a three-month low after the greenback’s sharp upward march
Indian Rupee slipped to a three-month low on Friday, after the dollar index gained sharply on accou…
2 mins read
Rupee rises 6 paise to close at 83.13 against US dollar
The rupee appreciated 6 paise to close at 83.13 (provisional) against the US dollar on Thursday, su…
PTI
2 mins read
A top JP Morgan strategist predicted in January that Biden would drop out. Here's what else was in that analyst's list of top 10 'surprises' to look out for in 2024.
JPMorgan's Michael Cembalest also expected consumer backlash against self-driving vehicles and that…
Kwan Wei Kevin Tan
2 mins read
De-dollarization is 'a myth,' and there's no big shift taking place away from the US currency, commodities expert says
Practically no one is phasing out the dollar in trade or in foreign reserves, one leading commoditi…
Jennifer Sor
2 mins read
Equity markets to track global cues; may witness gradual up-move ahead of Lok Sabha poll results: Analysts
Equity markets may witness a gradual up-move this week with some volatility as both election and ea…
PTI
2 mins read
Sanctions on Russia could eat away at the dollar's global dominance and boost the use of crypto, IMF says
As countries turn to other currencies in international trade, "fragmentation at a smaller level is …
Adam Morgan McCarthy
1 min read
The Pakistani rupee has plunged after soaring as the world's top performing currency. What happened?
After a brief spike last month, Pakistan's rupee is on track to be the worst performing Asian curre…
Aruni Soni
1 min read
Rupee breaches the ₹78 mark against the dollar for the first time ever
The Indian currency rupee breached the Rs 78 mark against the dollar for the first time ever on Mon…
1 min read
Here's how the 2024 election could impact the status of the dollar versus another big rival currency
Democratic presidencies tend to strengthen the dollar against the yen, while the opposite occurs un…
Filip De Mott
2 mins read
China is doubling down on its bid to challenge the dollar's global dominance. Analysts lay out why it's unlikely to succeed.
"I'd rather be paid in US dollars than rand, real, rubles, rupees or yuans," Oanda analyst Jeff Hal…
George Glover
2 mins read
The 'dollar's long goodbye' means the no-brainer trade will end in 2024 as other currencies rise, ING says
"2024 will be a year in which currencies and the rest of the world can breathe after being dominate…
Filip De Mott
2 mins read
Rupee falls 5 paise to close at 82.23 against US dollar
The Indian rupee depreciated 5 paise to close at 82.23 (provisional) against the US dollar, trackin…
PTI
2 mins read
America's favorite weight loss drugs are impacting Denmark's currency and interest rates
Novo Nordisk's market valuation has soared to $413 billion, exceeding Denmark's estimated 2022 GDP …