dollar

The global economy is on edge as U.S. President Donald Trump's proposed tariffs ripple across financial markets, sparking volatility and shifts in currency values. The U.S. dollar – which had recently reached a two-year high earlier this month – has shown signs of weakness amid investor uncertainty...

The Bank of Japan has raised interest rates by 25 basis points, marking a 17-year high of 0.50%. This move signifies the end of an era of historically low interest rates for the Asian exporter. We assess how BOJ’s move can impact the U.S. dollar and the stock market. What Happened: An...

The week has been a rollercoaster ride in the world of economics and finance. From the U.S. dollar’s status as the world’s reserve currency to the surge in oil prices, there’s a lot to catch up on. Let’s dive into the top stories that made headlines. Scott Bessent: Dollar...

President-elect Donald Trump has nominated Scott Bessent to lead the U.S. Treasury Department, and Bessent has pledged to maintain the dollar’s status as the world’s reserve currency. This commitment was made during his prepared testimony. What Happened: Bessent, who...

Scott Bessent, the Treasury Secretary nominee for President-elect Donald Trump, has pledged to uphold the dollar’s status as the world’s reserve currency, aiming to usher in a “new economic golden age”. What Happened: As reported by Reuters, Bessent, who is set to face...

On Monday, the greenback climbed to its highest levels in over two years. Investors in ETFs tracking the S&P 500, such as the SPDR S&P 500 ETF Trust (NYSE:SPY), Vanguard S&P 500 ETF (NYSE:VOO), and iShares Core S&P 500 ETF (NYSE:IVV), might be wondering: What does this mean for my...

President-elect Donald Trump is encountering a significant challenge with the U.S. dollar. Despite his inclination towards a “weaker” currency to enhance U.S. exports and reduce the trade deficit, his proposed policies might inadvertently lead to a stronger dollar. What Happened:...

As President-elect Donald Trump threatened BRICS countries against a reserve currency, economist Jeremy Siegel says “Bitcoin is far more of a threat to replace the dollar in world reserves than anything created by the emerging market economies.” What Happened: BRICS, an...

The U.S. dollar has entered its most historically bearish month of the year, with December often marking a period of seasonal weakness for the greenback. Over the past half of a century, the U.S. Dollar Index — as tracked by the the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP) — has declined by...

U.S. stock futures declined in premarket hours as traders digested new appointments for the key cabinet positions by President-elect Donald Trump. Hoards of data are expected to be released today which could give a clearer picture of where interest rates are headed. Futures for the three major U.S...

As the U.S. dollar scaled a fresh 52-week high on Friday morning at 108.071 level, former Goldman Sachs FX strategist and senior fellow at Brookings Institution, Robin Brooks said in an X (formerly Twitter) post that, “Markets initially got this wrong, driving stocks up sharply right after...

As geopolitical tensions escalate in the Middle East, Ukraine has launched U.K.-made Storm Shadow missiles into Russia and the Kremlin has loosened its policy for using nuclear weapons. However, Russian President Vladimir Putin said he is open to a peace deal brokered by President-elect Donald...

Former Governor of South Carolina and erstwhile presidential candidate Nikki Haley said on Sunday that Iran’s oil exports had risen four-fold under President Joe Biden due to his “lack of enforcement.” What Happened: In a post on X, she said that “nearly all of the oil went...

Arthur Hayes, co-founder of cryptocurrency exchange BitMEX, believed President-elect Donald Trump's policies would weaken the dollar, driving up the value of scarcer assets like Bitcoin (CRYPTO: BTC) significantly. What happened: In a blog post titled "Black or White," published Tuesday, Hayes...

Scott Bessent, a prominent economic adviser to Donald Trump, has addressed concerns regarding Trump’s potential economic policies if re-elected. Bessent assured that Trump would not weaken the U.S. dollar or drastically alter trade policies. What Happened: Bessent, a hedge fund manager, has...