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Currencies

Tariff Tracker, May 5: Asian banks offload dollar reserves, OPEC+ to increase oil supply | Explained News

Trump trade policy 2025: There seems to be nary a dull moment in tracing the onslaught of the US president’s tariff announcements, and the snowballing effect worldwide.Over the weekend, China, the recipient of 145% in US tariffs, signalled its willingness to embark on talks with the US, provided the US walked back these punitive measures. This was picked up by Asian markets, which have seen their currencies hit record highs against the USD. Decline in the dollar boosting the ‘Sell America’ wave The dollar’s decline continued over the weekend, as...
Currencies

The world’s most powerful currencies, and where the pound ranks

The strongest currencies in 2024, and why they're so powerfulIllustronaut/Alamy src=https://s.yimg.com/ny/api/res/1.2/AatnJWC3X0LQ3Jr1xhKEBw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTYxOQ--/https://media.zenfs.com/en/lovefood_uk_306/fe059a8bfc4acb337139cb3c44c1c77a>Illustronaut/Alamy src=https://s.yimg.com/ny/api/res/1.2/AatnJWC3X0LQ3Jr1xhKEBw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTYxOQ--/https://media.zenfs.com/en/lovefood_uk_306/fe059a8bfc4acb337139cb3c44c1c77a class=caas-img>There are 180 currencies recognised as legal tender around...