Dollar holds higher
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The decentralized nature of bitcoin may prove appealing in a world of declining U.S. dollar dominance and a changing global trade order.
Ucertainty over U.S. economic policies and geopolitical moves was only partially offset by supportive comments from the White House and European officials.
Trump said the US dollar is doing "great," but a weaker currency could undercut his attempts to boost affordability for Americans.
Fears have been swirling for years that the era of U.S. dollar reserve currency status could be coming to an end, with the turmoil triggered by U.S. president Donald Trump’s global trade tariffs and the rise of China as a economic challenger to the U.S. stoking those fears.
By Rocky Swift and Rae Wee TOKYO, Jan 30 (Reuters) - The dollar rose on Friday, paring its weekly slide, after U.S. President Donald Trump said he would soon announce his nominee to head the Federal Reserve and on optimism Washington will avert a government shutdown.
The US dollar is getting hammered. It’s weak against the euro, the British pound, Canada’s loonie and the Aussie. It just logged what many call its “worst first half ever.” That, the bears say, shows faltering confidence in US assets. They expect ...
President Trump's trade policies are accelerating a weakening of the U.S. dollar, which is off to its worst start of a year in half a century, according to Harvard University economics professor Kenneth Rogoff. "I don't think there's any question that ...
The U.S. dollar has fallen nearly 11% in 12 months, hitting its lowest level since 2022. Here's how that translates to higher prices, more expensive loans, and what you can do about it.