The Latest Breaking News from US Dollar

Security fears in Lebanon are escalating amid a crippling economic crisis that has seen the salaries of army soldiers drop to $33 a month. The local currency, the Lebanese pound, has depreciated by more than 90% against the US dollar on the black market. Perhaps what exacerbated security fears is…

THE pound has fallen to its weakest level against the US dollar since 1985 amid fears the UK is heading for a lengthy recession.

Warnings of recession rock sterling as investors spooked by Liz Truss’s energy bills plan

Like many people in crisis-hit Lebanon, Elias Skaff used to wait for hours to withdraw cash at the bank but now prefers money transfer companies as trust in lenders has evaporated, AFP reported. Anyone who relies on traditional banks to receive their money "will die 100 times before cashing it",…

Internet shutdowns rippled through cash-strapped Lebanon on Tuesday after employees of the country's state-owned telecom company went on strike, demanding higher wages. It was the latest reflection of one of the world's worst economic disasters, which has pulled three quarters of Lebanon's 6 million people into poverty. The Lebanese pound…

Oil prices recovered slightly on Wednesday as data pointed to firm fuel demand in the United States, providing respite after a 5% drop a day earlier on fear of demand suffering from increased China COVID-19 curbs and central bank interest rate hikes. A slightly weaker US dollar also shored up…

Pre-open movers U.S. stock futures traded lower in early pre-market trade after the Dow Jones tumbled more than 1,000 points in the previous session following speech from Federal Reserve Chairman Jerome Powell at the central bank’s Jackson Hole economic symposium. The US dollar index, meanwhile, jumped to its strongest level…

“What a week, what a day” said the Northern Irishman after pipping Scottie Scheffler.

Sterling weakness continued today after the currency reached its lowest level versus the US dollar since March 2020.