Currencies

The US dollar's position as the world's primary reserve currency has endured for over eight decades, weathering numerous economic crises, geopolitical shifts, and challenges from emerging economies. Despite periodic predictions of its decline, the greenback continues to dominate international finance, trade, and central bank reserves. Understanding why this supremacy persists requires examining the complex interplay of historical, economic, and institutional factors that reinforce America's monetary hegemony.Historical foundation and the Bretton Woods LegacyThe dollar's reserve currency status originated from the 1944 Bretton Woods Agreement, which established a new international monetary system...

The Indian rupee weakened sharply on Monday, falling alongside most emerging market (EM) currencies after US President Donald Trump threatened new reciprocal tariffs and penalties on countries aligned with BRICS.The rupee ended at 85.85 per US dollar, down 0.54% from Friday’s close of 85.39, after hitting an intraday low of 86.02. The dollar strengthened broadly after Trump unveiled a new tariff policy targeting countries he said are "aligning themselves with the Anti-American policies" of the BRICS group, prompting a selloff in emerging market currencies.In a social media post, Trump said...