The Latest Breaking News from US Dollar

The Syrian pound recorded a new decline in the black market in regime-controlled areas, exceeding 8,000 against the US dollar, despite the increase in foreign remittances received during the holy fasting month of Ramadan and Eid al-Fitr. Economists explained that the decline continued with the ongoing economic crisis and the…

The Bank of Thailand is in discussions with China's central bank over supporting the use of yuan-baht settlement to mitigate foreign exchange risk amid ongoing US dollar volatility.

The writing was on the wall. But when Brazil's left-wing president Luiz Inacio "Lula" da Silva visited China recently, he flamboyantly underscored economic and security ties between Latin America's largest democracy and the world's largest dictatorship. Significantly he took steps to decouple much of Brazil's vibrant commerce from using the…

A lower US dollar is not only likely, it’s already happening – the US dollar index has depreciated 10 per cent in five months.

The two countries have recently announced a deal to trade in their own currencies, dropping the dollar as an intermediary.

The pound strengthened as data showed US economy cooling, before Fed policymaker vowed to press on with interest rate rises

BEIJING: The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 74 pips to 6.8764 against the US dollar Monday, according to the China Foreign Exchange Trade System.

A number of African countries, including Kenya, Egypt, Zimbabwe, Nigeria, Ghana and Zambia, are currently experiencing shortages of US dollars. The dollar is the dominant currency in international transactions. These countries rely on the US currency to pay for foreign debts, essential goods and industrial inputs. Development economist Christopher Adam…

Chinese and French energy companies this week finalised the first-ever deal on liquified natural gas (LNG) in China settled in the renminbi yuan currency. The trade, involving 65,000 tons of LNG imported from the United Arab Emirates, marks a major step in Beijing's attempts to undermine the US dollar as…

Before a crucial week of interest rate decisions for central banks, and on the eve of the emergency takeover of banking giant Credit Suisse, the Bank of England and five other major central banks announced a coordinated effort to boost the flow of US dollars through the global financial system.

The dollar’s value comes from the US’ position as a critical global economic power and the country's political and economic stability.