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...In reality, a resumption of the currency wars of the 2000s and 2010s is unlikely to do much to reduce the US deficit nor undermine the dollar’s global role in bank funding, payment systems and reserves....
...Major Asian currencies weakened against the dollar on Monday, with the South Korean won leading losses, down 0.27 per cent against the dollar to Won1,354.60, its weakest level since October....
...The South Korean won and Australian dollar weakened against the US dollar, while the yen is trading at ¥155.60 a dollar, its weakest level in decades....
...this most recent currency introduction, how many currencies has Zimbabwe had in the last decade?...
...The dollar rallied and government bonds sold off after US labour costs climbed more than expected in the first quarter of 2024, raising concerns that sticky wage inflation could delay the Federal Reserve...
...The dollar has climbed 4.7 per cent against a basket of six peer currencies this year, while in the same period Wall Street’s benchmark S&P 500 has added 7 per cent....
...Japan’s yen crossed ¥155 per dollar for the first time since 1990 on Wednesday as US stocks edged slightly higher in a choppy trading session....
...We saw that clearly earlier in April as an elevated US dollar, driven to a six-month high against a basket of other currencies by a repricing of US interest rates, exposed pockets of currency stress in Asia...
...“Rising tensions between Iran and Israel can spill into even higher oil prices, all to the benefit of the dollar in the near term,” said Francesco Pesole, a currency analyst at ING....
...Japanese stocks were the only Asian equities to advance on Friday morning, as a higher than expected US inflation reading strengthened the dollar against Asian currencies....
...Earlier in the day, the yen had fallen past ¥160 against the dollar, as the gulf between Japanese and US interest rates continued to pressure the currency....
...Total trading turnover across the six ETFs — including trading in US dollars, Hong Kong dollars and renminbi — came in at about HK$99.5mn (US$12.7mn)....
...The comments were an indication of their concern at the scale of the dollar’s gains against Asian currencies after US inflation data led markets to scale back expectations of Federal Reserve rate cuts this...
...The dollar weakened and US Treasuries rallied as traders nudged forward their bets on interest rate cuts after survey data showed business activity had cooled unexpectedly in April....
...The American economy is strong — and the dollar is extremely expensive....
...dollar....
...Asian currencies dropped against the dollar on Tuesday following stronger than forecast retail sales data in the US, which further reduced the likelihood of imminent interest rate cuts by the Federal Reserve...
...Escalating tensions in the Middle East following Iran’s attacks on Israel and growing expectations that the Federal Reserve will delay rate cuts have boosted the US currency....
...The ZiG, which stands for Zimbabwe Gold, will have an initial value of 13.56 to the US dollar, Mushayavanhu said, after the former currency lost over three-quarters of its value this year alone to trade...
...“Fast forward to today and central bankers in Asia can’t really at least currently [count on] a weaker US dollar and [Federal Reserve] rate cuts,” said Adarsh Sinha, head of the Asia rates and currencies...
...The dollar’s latest move against the yen followed stronger-than-expected data for US inflation in March, which pushed out market expectations for the timing of US interest rate cuts and sent bond yields...
...The US Dollar Index climbed 0.5 per cent to reach 102.9, its highest level in a month, as risk appetite damped following cautious remarks from ECB officials on rate cuts in 2024....
...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...Asian currencies strengthened against the dollar after the finance ministers of Japan, South Korea and the US released a joint statement addressing concerns over a resurgent dollar....
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