Dollar dips as investors wait for Fed
Traders are pricing in the prospect of an interest rate cut as soon as May, which was pushed back from...
archiveCurrency markets
Dollar eases during thin Black Friday as traders bet rates have peaked
The dollar index, which measures the U.S. currency with six peers, eased nearly 0.4% to 103.38, staying close to the...
Pakistani rupee jumps from record lows to world’s top performing FX
The Pakistani rupee has rebounded from an all-time low to become the world's top performing currency — and it still...
Dollar gains as Fed, Middle East in focus
"Largely I think we're still basing currency movements on interest rates," and the Fed's "very determined attempt to keep interest...
Pakistani rupee jumps from record lows to world’s top performing FX
A roadside money changer handling Pakistani rupee coins in Karachi, Pakistan.Bloomberg | Bloomberg | Getty ImagesThe Pakistani rupee has rebounded...
India oil minister Hardeep Singh Puri
Oil trades have sometimes been settled in the Chinese yuan, Russian ruble or Indian rupee, but the idea of "de-dollarization"...
Emerging economies are pushing to end the dollar’s dominance. But what’s the alternative?
ABUJA, Nigeria (AP) — Business has vanished at Kingsley Odafe’s clothing shop in Nigeria’s capital, forcing him to lay off...
Gulf Nations Poised to Invest Billions in Pakistan as It Seeks Infusion of Foreign Currency
Aug. 10, 2023 12:26 pm ETISLAMABAD, Pakistan—Pakistan is negotiating with Gulf nations to bring in billions of dollars of investment,...
Asia pushes back on ‘excessive’ currency moves amid enduring dollar strength
The People's Bank of China is under pressure to lower interest rates and reserve rate ratios for banks as growth...
Economic and political factors behind acceleration of de-dollarization
The U.S. dollar has been king in global trade for decades — not just because the U.S. is the world's...
