US Dollar

Central banks around the world are starting to sing from the U.S.

Indian rupee breaches 80 per dollar, hits new record low

The U.S. dollar's rampant surge may finally force corporate America to wake up to a brewing earnings recession.

Asian companies are likely to find it harder to refinance dollar-denominated debt, the decline in a key metric suggests, with the currency at a two-decade high and a recent surge in inflation forcing central banks to raise interest rates.

The euro languished at $1.01475, having lost 2.3% last week and briefly falling to its lowest since late 2002.

A cocktail of global growth fears, Federal Reserve hawkishness and euro weakness has boosted the U.S.

Gold prices edged up on Thursday as the dollar eased slightly and some investors scooped up bargains after sharp losses in the previous two sessions.

Gold prices eased in a narrow range on Tuesday, as an elevated dollar and impending interest rate hikes overpowered support from underlying concerns over the global economic outlook.

The Japanese yen was on the back foot on Monday, ahead of a busy policy-focused week in which inflation will be in the spotlight with a major European Central Bank meeting and U.S.

British inflation surged to its highest annual rate since 1982 as energy bills soared, while Canadian inflation rose to 6.8% last month, largely driven by rising food and shelter prices.

Crypto markets, which trade around the clock, had a quiet weekend after turmoil last week driven by TerraUSD, a so-called stablecoin, broke its dollar peg.

Crypto markets were steadier on Friday after a week of turmoil, as the risk-off mood combined with the spectacular collapse of stable coin TerraUSD.

Wall Street stock indexes fell on Monday and the dollar hit a two-decade high, making oil more expensive for holders of other currencies.

The euro has lost 5% on the dollar in April and just over 7% on the dollar since Russia's invasion of Ukraine on Feb. 24.

China's financial hub of Shanghai has now been under strict lockdown to fight COVID for around a month

The dollar index was at 101.08 on Monday morning, just shy of a two-year peak of 101.33 hit on Friday.

The White House said around 16 percent of adult Americans have invested in, traded or used cryptocurrencies.

The Russian defence ministry on Tuesday published footage to demonstrate it was returning some troops to base after exercises

The Fed has said repeatedly that stiff increases in consumer prices will be transitory, and so far the markets have largely accepted that argument.

Bukele has promoted the move as a way to revitalize the nation's economy, and extend access to banking to more of El Salvador's people.

Analysts say inflation could bound higher later this year, powered by pent-up consumer demand once lockdowns start easing, particularly in travel and dining out.

The pound was holding up as British and European Union negotiators pressed ahead with talks on a trade deal with just over two weeks until the December 31 deadline.

The greenback is sitting at its lowest levels against the yen since the dark days of March when the virus began battering the world economy

Large tech companies have been major beneficiaries during the coronavirus pandemic.

Uncertainty over the stimulus, rising US infections and the Fed's massive bond-buying has hurt the dollar.

The British pound found strength against other major currencies as investors gain confidence.

Worry that big losses in some developing markets could ripple out into the global financial system.

Increasing currency volatility rings alarm bells and calls existing monetary system into question.

Tensions mount between Europe and Donald Trump's White House over Iran sanctions.

Pointers from the financial market's performance in 2018