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The Latest Breaking News from US Dollar

Business: Rupee hits all-time low of 80 against US dollar, subdues Indian stock indices

Indian stock indices declined marginally in early trade on Tuesday, weighed down by a consistent depreciation of the rupee. Read more on Dynamite News:

Dynamite News

Rupee plunges to new record low; breaches 80-mark against US dollar: How it may impact you

NEW DELHI: The Indian currency depreciated for the eighth consecutive session on Tuesday to fall past 80-mark against the US dollar for the first-time ever.

The Times of India

Rupee at record low; touches 80-mark in intra-day trade: What it means for you

NEW DELHI: The Indian currency plunged to record low levels against the US dollar on Monday.

The Times of India

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Rupee settles at record low of 79.98 against US dollar; briefly touches 80/$ mark

MUMBAI: The rupee slid to the psychologically low level of 80 in intra day trade before settling down by 15 paise at 79.97 (provisional) against the US currency on Monday due to a surge in crude oil prices and unrelenting foreign fund outflows.

The Times of India

Oil Prices Extend Gains

Oil prices extended gains on Monday, propped up by a weaker dollar and tight supplies that offset concerns about recession and the prospect of widespread COVID-19 lockdowns in China again reducing fuel demand. Brent crude futures for September settlement rose 69 cents, or 0.7%, to $101.85 a barrel by 0421…

Asharq Al-Awsat

What prompted euro’s loss of value and what’s its impact?

Experts identify two main reasons why the euro has lost value and the potential effects on the European Union.

Al Jazeera

Numbers Highlight Lebanon’s Collapse During Aoun’s Tenure

Less than two months before the constitutional date that allows for the election of a new president for Lebanon, the severe economic and financial crisis that the country has been witnessing since the fall of 2019 continues to worsen. The devaluation of the Lebanese currency, which has lost more than…

Asharq Al-Awsat

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Euro hits US dollar parity for first time in 20 years

The euro has been vulnerable given the effect of a continuing spike in natural gas prices and the war in Ukraine.

Al Jazeera

FTSE 100 Live: US dollar index near 20-year high, China lockdown worries continue

US dollar strength and the impact of China’s Covid lockdowns remain the focus for traders ahead of a big week for economic updates.

Evening Standard

Five ways that the super-strong US dollar could hurt the world economy

The US dollar has been on a major surge against major global currencies in the past year, recently hitting levels not seen in 20 years. It has gained 15% against the British pound, 16% against the euro and 23% against the Japanese yen.

The Conversation

Industry cowers as baht dips again

The Federation of Thai Industries (FTI) has warned against further currency depreciation to 37 baht against the US dollar, claiming it would make life more miserable for businesses and households because of higher oil prices.

Bangkok Post

RBI unveils measures to curb rupee slump, boost forex inflows

NEW DELHI: The Reserve Bank of India (RBI) on Wednesday unveiled fresh measures to stabilise the rupee, which touched multiple record lows against the US dollar.

The Times of India

RBI liberalises norms to boost forex inflows

MUMBAI: Reserve Bank of India (RBI) on Wednesday further liberalised norms to boost inflows of foreign exchange, including doubling the borrowing limit under the ECB route, amid the rupee falling against the US dollar.

The Times of India

Why does the UK/US exchange rate affect fuel prices? Petrol hits record 191.5p high

The pound’s weakness against the US dollar is partly to blame for soaring fuel prices on British forecourts. Figures show the average price of petrol reached a new high of 191.5p per litre on Sunday.

Bristol Post

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Benzinga

EUR/USD Barely Clinging Above 1.04

June didn’t work out to be a great month for EUR/USD. At the time of writing, the single currency looked on course to end the month down by 2.62% against the US dollar. May’s gains in hindsight look more like a cadaveric spasm than a serious promise of retracement or…

The Times of India

Rupee relatively better placed than other global currencies against dollar: Finance minister

NEW DELHI: Amid the rupee declining against the US dollar, finance minister Nirmala Sitharaman on Thursday said the Indian currency is relatively better placed than other global currencies against the greenback.

Evening Standard

How to buy Tether (USDT)

Tether is the world’s largest ‘stablecoin’ by market capitalisation. In theory, stablecoins offer a less volatile alternative to bitcoin and altcoins because their value is tied to a fiat currency such as the US Dollar.

Benzinga

Crypto Winter - Multiple Blow-ups Leading To A Much Bigger Problem...

During periods of rampant excess in financial markets, we move from valuations based on the present value of future cash flows to valuations based on stories. How compelling is your story? Is it one of future growth and revolutionized economic reform all powered by smart contracts? Sounds pretty neat.

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Al Jazeera

Investors excited by Zimbabwe plan to mint gold to curb inflation

President Mnangagwa is reportedly desperate to shed some of the legacy economic problems his administration inherited.

Bangkok Post

Central banks in Asia spend billions to slow currency declines

After years of building their foreign-exchange reserves, central banks in Asia are tapping into their stockpiles to bolster their weakening currencies against a rising US dollar.

StockNews.com

3 Buy-Rated ETFs That Are Up for The Year

Investors’ concerns over the Fed’s aggressive interest rate hikes to tame the surging inflation and the possibility of an economic contraction have led to a broad-based market correction lately, but ETFs ProShares UltraPro Short 20+ Year (TTT), Invesco DB Energy (DBE), and Invesco DB US Dollar Index Bullish Fund (UUP)…

Benzinga

Japanese Yen Might Change the Trend

By RoboForex Analytical Department At the beginning of the new week, the Japanese yen against the US dollar is consolidating but looks quite weak yet.

Al Jazeera

Zimbabwe healthcare workers strike over wages, inflation crisis

Public health workers and other civil servants are demanding salaries in US dollars as inflation hits 132 percent.

The Conversation

Russia's rouble is now stronger than before the war – western sanctions are partly to blame

In the days after Russia invaded Ukraine in February 2022 and the west imposed sanctions, the rouble collapsed. The number of roubles to one US dollar quickly fell from about 78 to 138 – a huge move in the world of forex (foreign exchange), and terrifying for those with their…

The Times of India

Rupee falls 11 paise to record low of 77.85 against US dollar

MUMBAI: The rupee tumbled 11 paise to close at a fresh lifetime low of 77.85 (provisional) against the US dollar on Friday as a sell-off in domestic equities and stronger greenback overseas weighed on investor sentiment.

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