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The Latest Breaking News from US Dollar

DXY: US April CPI Keeps Inflation Fears Alive

Those who awaited US April CPI data hoping for a summary execution of the inflation narrative walked away from Wednesday’s release disappointed. But the reality is that inflation, although falling, is not doing so quite at the rate most were expecting. For the time being, traders will need to balance…

Benzinga

EQ Bank Raises Interest Rate On US Dollar Accounts By 25bps

EQ Bank, powered by Equitable Bank, Canada's Challenger Bank, increased its USD account interest rate by 25 bps to 1.25%. The new rate is now in effect. Equitable Bank is a subsidiary of Equitable Group Inc. (TSX:EQB) (OTC:EQGPF). "When we launched US dollar accounts, we wanted to give our customers a far better alternative…

Benzinga

Explained: What led to record fall in rupee and how it may affect economy

NEW DELHI: The see-sawing rupee has given Indian investors a tough time in the past few days. On Monday, the rupee slumped by 54 paise to close at a record low of 77.44 against the US dollar.

The Times of India

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Explainer: Should we be concerned about the baht?

Thailand started off this week with the baht weakening to a five-year low of 34.62 against the greenback. While in line with other Asean currencies that have softened against the US dollar, the performance is worth monitoring because it serves as an indicator in the country's recovery.

Bangkok Post

Blast from the past as currency speculators circle weakened pound

Analysis: Experts warn that sharp losses for sterling could drive up cost of imports and invite attacks on the currency

The Guardian - UK

Rupee recovers 12 paise to close at 77.32 against US dollar

MUMBAI: Snapping its two-day losing streak, the rupee appreciated 12 paise to end at 77.32 (provisional) against the US dollar on Tuesday, supported by a rebound in regional currencies and fall in crude oil prices.

The Times of India

Rupee’s plunge to ₹77.4 to a dollar and further will bring unprecedented challenges, warns Rahul Gandhi

Congress cites “runaway inflation, flight of capital, depleting foreign exchange, growing communal divide and policy paralysis” as reasons.

The Hindu

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Justin Rose has no plans to play Saudi-backed Golf Invitational as he targets career goals

Lee Westwood, Richard Bland and Phil Mickelson are among the players who are looking to compete in next months 25million US dollar event.

The Independent UK

Dollar o’clock: Should Zimbabwe axe its faltering currency again?

The southern African state once adopted US dollars as legal tender when hyperinflation rendered its currency worthless.

Al Jazeera

DXY: Knocking On Heavens Door

When it comes to foreign exchange markets, it has been the US dollar that has reigned supreme. Last week, the US dollar index (DXY) capped of its fourth consecutive week of gains, rising by 2.10%. In level terms, the pair quickly breached the March 2020 high of 102.992 and had…

Benzinga

The State Of The USD Leading Into The FED's Interest Rate Decision

The US dollar has been relatively strong compared to its foreign currency peers. Since the start of the year, the index is up by almost 8%. It closed at $103.21 on the 29th of April, the last trading day of the month.

Benzinga

Omicron’s arrival in Beijing could lead to more supply chain disruption

Business & Investing: Fear returns to markets as investors turn bearish, and Kiwi dollar at three-month low against US dollar

Newsroom.co.nz

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