The Latest Breaking News from US Dollar

HANOI: Vietnam is preparing to loosen its tight leash on the dong currency, including possibly widening its trading band with the US dollar again, in order to conserve its shrinking currency reserves, a source with direct knowledge of the matter said on Wednesday.

Ghana is grappling with runaway inflation as prices of basic commodities have spiralled. Government finances are also at their weakest in years. Ghana’s local currency, the cedi, is now the world’s worst performer against the US dollar - a signal of the depth of the country’s economic crisis.

Beijing (AFP) - China's yuan hit a 15-year low against the US dollar on Tuesday, with investors spooked after President Xi Jinping gained complete dominance over the Communist Party at a key meeting last week.

HSBC kicked off the UK banking sector’s earnings season today by revealing “strong momentum” after net interest income surged on the back of rising interest rates and it retained a “tight grip” on costs.

The baht continued to drift below 38 to the US dollar as most Asian currencies headed for weekly losses on Friday.

The rupee plunged 61 points to dip below for the first time and closed at a record low of 83.01 against the dollar. Read more on Dynamite News:

With the Federal Reserve maintaining high-intensity rate hikes, the currencies of China, Japan, and South Korea, all major Asian economies, have been more or less affected to varying degrees, and are under increasing pressure of depreciation. The exchange rates of the Chinese renminbi (with the offshore exchange rate as a…

Syria's pound hit a new low against the dollar on the black market Tuesday, according to websites monitoring the exchange rate, in the latest blow to the war-battered economy. The exchange rate reached more than 5,000 Syrian pounds to the US dollar for the first time since the start of…

Indian IT firms are facing unprecedented margin pressure owing to high employee attrition, rising wage cost.

The Bank of England has intervened again to try and calm markets, as it confirmed it will now begin to purchase index-linked gilts, government bonds with interest payments in line with inflation

Ghana is struggling with managing its debt, 20-year high inflation, a weak currency, and rising inequality. For example, inflation rose to 33.9% in August 2022 from 9.7% a year earlier, while the cedi has depreciated by 41% year-to-date against the US dollar. These vulnerabilities have been worsened by the aftershocks…