Currencies

With the value of the dollar collapsing to less than a 3,100th of an ounce of gold, some cash-strapped Britons are starting to sell their gold teeth to pick up dollars. The owner of a gold dealer in Royal Wootton Bassett, England, informed British news outlet, the Sun, of the “distressing” trend last week, noting that his gold company, Gold Traders, has been buying up an estimated 100,000 pounds worth of gold every day.  In addition to the “steady increase” in gold teeth sales, Mr. White is seeing Britons trading...

NEW YORK : The U.S. dollar fell against major currencies such as the euro, and sterling on Wednesday, while the safe-haven yen tumbled, as traders awaited details of U.S. President Donald Trump's plans for tariffs, which could reshape the global trading system. While moves overall have been muted, risk sentiment seemed to have improved based on the price action, perhaps tracking U.S. equities. The yen was down against a broad swath of currencies, while commodity currencies such as the Australian and New Zealand dollars as well as the Norwegian crown...

EUR/USD moves higher to near 1.0820 ahead of US President Trump's announcement of reciprocal tariffs. Anxiety over Trump's tariffs has dampened the confidence of US businesses and households. Soft Eurozone HICP data paves the way for more ECB interest rate cuts. EUR/USD rises to near 1.0820 during North American trading hours on Wednesday. The major currency pair gains as the US Dollar (USD) declines before the announcement of reciprocal tariffs by United States (US) President Trump at 20:00 GMT. The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, falls to near...

NEW YORK/LONDON :The U.S. dollar fell against major currencies such as the euro, yen and sterling on Wednesday, as traders awaited details of U.S. President Donald Trump's plans for tariffs, which could upend the global trading system and shake financial markets. The euro last bought at $1.0825, up 0.3 per cent against the dollar, while sterling edged up 0.1 per cent to $1.2940 ahead of a White House Rose Garden announcement scheduled for 2000 GMT that will likely see the imposition of steep new duties on U.S. imports.Trump has for...

THE Central Banks of Barbados and the Bahamas have successfully processed a cross-border payment using their respective currencies without the need for an intermediary currency.Speaking to Express Business, key stakeholders hailed this as a significant breakthrough, emphasising its potential to help Caribbean Community (Caricom) nations trade with less reliance on the US dollar and other third-party currencies.They noted that this development paves the way for greater financial independence in regional trade.A representative from Trinidad and Tobago’s Central Bank was present to witness the real-time transactions in local currencies within Caricom,...

Trump Tariff News LIVE: US President Donald Trump is all set to announce reciprocal tariffs on 2 April, which will immediately come into effect. Donald Trump has styled the new US tariff plans as coming on America's "Liberation Day".Earlier, the White House had slammed India for imposing a 100 per cent tariff on America’s agricultural products and highlighted similar trade barriers in the EU, Japan, and Canada.According to reports, quoting US Treasury Secretary Scott Bessent, the US President will announce the tariffs in the Rose Garden of the White House...

Donald Trump Tariff Announcement LIVE: US President Donald Trump is all set to announce reciprocal tariffs on April, which will immediately come into effect and affect almost all countries across the world. Donald Trump has called the new US tariff plans as coming on America's “Liberation Day", saying it will improve the US economy.US Treasury Secretary Scott Bessent said the US President will announce the tariffs in the Rose Garden of the White House at around 4 pm Washington time on April 2, which is 1:30 am IST on April...

Donald Trump Tariff Announcement LIVE: US President Donald Trump is all set to announce reciprocal tariffs on April, which will immediately come into effect and affect almost all countries across the world. Donald Trump has called the new US tariff plans as coming on America's “Liberation Day", saying it will improve the US economy.US Treasury Secretary Scott Bessent said the US President will announce the tariffs in the Rose Garden of the White House at around 4 pm Washington time on April 2, which is 1:30 am IST on April...

EUR/USD trades in a narrow band at around 1.0800 early Wednesday.US Pres. Trump will unveil the new tariff regime later in the day.The near-term technical outlook fails to offer a directional clue.EUR/USD registered small losses for the second consecutive day on Tuesday before entering a consolidation phase at around 1.0800 in the European morning on Wednesday. US Dollar PRICE This week The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the strongest against the Swiss Franc. USD EUR GBP...

Effortless currency conversion and smart budgeting tools have made globetrotting with crypto smoother, safer, and more convenient than ever.  PUBLISHED : 2 Apr 2025 at 13:00   Small   Medium   Large Source: istockphoto  Travel has always been exciting, but managing money while exploring different countries used to be a major headache. Converting BTC to USD before trips and then USD back to local currencies was once complicated and time-consuming.  In 2025, cryptocurrency payment systems have transformed how people handle their finances abroad, making travel budgeting simpler and more convenient...