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The Latest Breaking News from US Dollar

Sterling hits all-time low: two things can turn this around but neither is straightforward

While most people in the UK were still in bed in the early hours of Monday morning, the pound dived. It fell over 4% during Asia trading to reach its lowest ever level against the dollar of US$1.035, while also hitting €1.079 against the euro. This was an exceptional fall,…

The Conversation

Furious Tory MPs hit out at chancellor after they are invited to a meeting to discuss his budget

‘Chancellors have resigned for less’, says one MP amid turmoil in markets

The Independent UK

Market Wrap: Turbulence and terror for investors – which key levels will break next?

Markets remain under the clear direction of the US dollar and yields following last week’s hawkish FOMC meeting.

The New Daily

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Beer prices likely to rise again as pound slumps to record low versus US dollar

The exchange rate recorded on Monday is not pretty reading for any breweries who import hops from the USA - and it will be passed onto customers

Chronicle Live

A mountain of debt and soaring inflation: Challenges await Italy's Meloni

At the head of a right-wing coalition, far-right Brothers of Italy leader Giorgia Meloni is gearing up to become Italy's new head of government. On the economic front, she'll be faced with rising consumer prices as well as the ongoing issue of national debt. Meloni has promised to renegotiate her…

France 24

Labour says Kwasi Kwarteng 'fanned flames' for pound's fall with fresh tax cut hints

The pound plunged to an all-time low against the US dollar this morning amid hammered market confidence over the Government's economic plans

Daily Mirror

What a weak pound means for your money as Sterling hits all-time low against US dollar

The pound plunged by more than 4% to $1.0327 in early Asia trade today - its lowest level since the decimalisation of the currency in 1971 - but what does this mean for you?

Daily Mirror

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Pound hits all-time low against dollar and is now worth just $1.03 after Mini-Budget

The pound plunged to a record $1.03 low against the US dollar this morning as international markets continued to reject Kwasi Kwarteng's tax-cutting Mini-Budget

Daily Mirror

Sterling slides back towards record low as Bank of England and Treasury fail to reassure markets – as it happened

Bank of England says it ‘will not hesitate’ to change interest rate but appears to be trying to squash expectations of an emergency rise

The Guardian - UK

The secret of the greenback's appreciation

Despite rampant inflation and slowing growth, the US dollar keeps going from strength to strength. Since May last year, the greenback has risen by 28% against the yen and 20% against the pound. In addition, it has appreciated 19% against the euro, reaching parity for the first time since 2002.

Bangkok Post

Baht freefall could hit 38

Economists forecast the value of the baht could plunge to 38 to the US dollar this year, mainly attributed to a stronger dollar as the Federal Reserve pursues a hawkish monetary policy.

Bangkok Post

Pound plummets to fresh 37-year low as markets are spooked as mini-budget unveiled

Sterling declined to a new 37 year low of $1.0899

Evening Standard

Explainer: How the strong US dollar can affect everyone

NEW YORK: The buck isn’t stopping.

The Times of India

Spot gold declines to lowest in over 2 years

The spot gold price dropped to its lowest level in more than two years, pressured by a strong US dollar and the rise of US government bond yields amid concerns about prolonged tightening monetary policy and the likelihood of recession.

Bangkok Post

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Asharq Al-Awsat

Worsening Living Crisis Stirs Fears of Security Chaos in Lebanon

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 National (Scotland)

'Long Brexit': Pound falls to historic low as UK exports flounder

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

Bangkok Post

Baht falls below 37 to the dollar

The baht fell past 37 to the US dollar — its lowest since December 2006 — as several Asian currencies hit multi-year lows on Friday.

Bangkok Post

Bank of Thailand says no unusual capital movements as baht falls

The Bank of Thailand (BoT) on Wednesday said it had seen no unusual capital movements and the weakness in the baht currency was mainly driven by the strength of the US dollar.

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The Independent UK

Sterling’s slump against the US dollar will hit British travellers in all parts of the world

The Man Who Pays His Way: Even with the pound so puny, you can still find joy in travel

Asharq Al-Awsat

Egypt Sets Customs Exchange Rate of 19.32 Pounds/US Dollar

Egypt has set a customs exchange rate of 19.318 Egyptian pounds to the US dollar from Sept., a change from 18.64 pounds in June, state newspaper Akhbar al-Youm reported on Thursday citing the customs authority. Egypt devalued its pound by 14 percent in March after foreign investors pulled billions of…

The Independent UK

Pound falls to lowest level against US dollar since 1985

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

Asharq Al-Awsat

Money Transfer Firms Replace Banks in Lebanon

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",…

Asharq Al-Awsat

Internet Shutdowns Hit Cash-Strapped Lebanon Due to Strike

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…

Asharq Al-Awsat

Oil Crawls Back Up on Signs of Firm US Fuel Demand, Weaker Dollar

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…

Benzinga

Dow, Nasdaq Futures Lower Following Friday's Sell-Off; US Dollar Surges To 20-Year High

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…

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