The Latest Breaking News from US Dollar

Worsening Living Crisis Stirs Fears of Security Chaos in Lebanon

Security fears in Lebanon are escalating amid a crippling economic crisis that has seen the salaries of army soldiers drop to $33 a month. The local currency, the Lebanese pound, has depreciated by more than 90% against the US dollar on the black market. Perhaps what exacerbated security fears is…

Asharq Al-Awsat · Sep 18, 2022

'Long Brexit': Pound falls to historic low as UK exports flounder

THE pound has fallen to its weakest level against the US dollar since 1985 amid fears the UK is heading for a lengthy recession.

The National (Scotland) · Sep 16, 2022

Baht falls below 37 to the dollar

The baht fell past 37 to the US dollar — its lowest since December 2006 — as several Asian currencies hit multi-year lows on Friday.

Bangkok Post · Sep 16, 2022

Money Transfer Firms Replace Banks in Lebanon

Like many people in crisis-hit Lebanon, Elias Skaff used to wait for hours to withdraw cash at the bank but now prefers money transfer companies as trust in lenders has evaporated, AFP reported. Anyone who relies on traditional banks to receive their money "will die 100 times before cashing it",…

Asharq Al-Awsat · Sep 4, 2022

Internet Shutdowns Hit Cash-Strapped Lebanon Due to Strike

Internet shutdowns rippled through cash-strapped Lebanon on Tuesday after employees of the country's state-owned telecom company went on strike, demanding higher wages. It was the latest reflection of one of the world's worst economic disasters, which has pulled three quarters of Lebanon's 6 million people into poverty. The Lebanese pound…

Asharq Al-Awsat · Aug 31, 2022

Oil Crawls Back Up on Signs of Firm US Fuel Demand, Weaker Dollar

Oil prices recovered slightly on Wednesday as data pointed to firm fuel demand in the United States, providing respite after a 5% drop a day earlier on fear of demand suffering from increased China COVID-19 curbs and central bank interest rate hikes. A slightly weaker US dollar also shored up…

Asharq Al-Awsat · Aug 31, 2022

Dow, Nasdaq Futures Lower Following Friday's Sell-Off; US Dollar Surges To 20-Year High

Pre-open movers U.S. stock futures traded lower in early pre-market trade after the Dow Jones tumbled more than 1,000 points in the previous session following speech from Federal Reserve Chairman Jerome Powell at the central bank’s Jackson Hole economic symposium. The US dollar index, meanwhile, jumped to its strongest level…

Benzinga · Aug 29, 2022

Magnificent Rory McIlroy secures historic FedEx Cup hat-trick and $18m prize

“What a week, what a day” said the Northern Irishman after pipping Scottie Scheffler.

The Independent UK · Aug 28, 2022

FTSE 100 Live: Sterling pressure continues, Wall Street markets fall 2%

Sterling weakness continued today after the currency reached its lowest level versus the US dollar since March 2020.

Evening Standard · Aug 23, 2022

Factory slump drags UK near stagnation; US private sector shrinks; eurozone ‘heads into recession’ – as it happened

UK private sector growth hits 18-month low, while the US, Germany and France all suffer falls in activity this month, adding to recession fears

The Guardian - UK · Aug 23, 2022