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Dollar News

Could cryptocurrency dethrone the dollar?

London - Bank of England governor Mark Carney has suggested that a virtual currency, modelled on Facebook's Libra, could one day replace the dollar as king of the foreign exchange market.

Venezuela's US invasion: the dollar takes hold

Caracas - Venezuela's President Nicolas Maduro may be fiercely opposed to the "imperialist" United States. But in one regard, a US invasion is already happening: the dollarization of his South American country.

Macy's announces plans to close as many as 40 stores nationwide

Cincinnati - Department store retailer Macy's plans to close up to 40 locations next year, the Cincinnati, Ohio-based company announced Tuesday.

Zimbabwe's new exchange rate: $5 for 175 quadrillion local ones

Zimbabwe has announced it will be phasing out its own local currency in favour of the US dollar. The Zimbabwean dollar has been subject to hyperinflation of up to 500,000,000,000 percent so that locals will get $5 USD for 175 quadrillion local dollars.

US dollar’s forex rate mixed in Asia

The dollar had a mixed foreign exchange rate in Asia on Thursday after briefly rising due to comments from Janet Yellen, Chairwoman of the Federal Reserve.

Dollar bills carry over 3,000 bacteria

New York - By swabbing dollar bills circulating in New York City, scientists have found more than 3,000 different types of bacteria on the currency.

Dollar gains value bringing rise to U.S. stocks

Following Tuesday’s drop in value, U.S. stocks took to a slight climb on Wednesday in line with signs of an economy that is slowly growing strong.

Dollar to outperform other major currencies this year

The dollar will easily outperform other major currencies in the coming year, according to foreign exchange strategists polled by Reuters, driven by demand for U.S.

C$ firms in choppy action after Bank of Canada statement

The Canadian dollar briefly pared some of its advance against the greenback on Wednesday before regaining ground in choppy trade after the Bank of Canada continued to express concerns about weak inflation.

C$ firms a tad as risk aversion eases

The Canadian dollar firmed slightly on Tuesday as comments from Russia's president that he saw no need to use military force in Crimea for now helped take some of the risk aversion out of the market.

Canada dollar weakens as Ukraine jitters lift greenback

The Canadian dollar weakened on Monday as safe-haven buying of the greenback increased as Russian President Vladimir Putin's forces tightened their grip on the Crimea region.

Op-Ed: Will Janet Yellen put the final nail in the U.S. dollar's value?

Washington - The United States Senate Banking Committee voted overwhelmingly Thursday in favor of approving President Obama's nomination of Janet Yellen to chair the Federal Reserve once Ben Bernanke's current term expires Jan. 31, 2014.

Op-Ed: Liberty Reserve shut down in money laundering investigation

On May 24, 2013, U.S authorities seized control of the LibertyReserve.com domain and redirected it into a sink hole along with arresting the owner Arthur Budovsky Belanchuk in relation to money laundering charges.

Op-Ed: Spain has an economic plan, it looks vaguely familiar

Madrid - Spain is moving in a different direction now, although the Spanish economy is still faltering, they do have a plan. It looks nothing like the American plan for recovery.

Is the dollar bill about to become extinct?

Washington - The US Government Accountability Office (GAO) wants the Treasury Department to stop printing dollar bills and make the switch to $1 coins entirely.

Is the US Dollar at risk?

Is it now a good time to start dumping the US dollar? Although it's the primary dollar security, it may be wise to reserve other currencies.

Putin expresses worry over dollar's future at G20 summit

The Russian President has stated he is "heartened" by Europe's approach to the eurozone crisis. But he expressed very different contentions with regards to the destiny of the dollar.

Op-Ed: The Euro will collapse soon

Today Europe is heading for the ‘danger zone’, stocks log their worst day in 2012, this summer is an ‘eerie echo’ of pre-Lehman, Nikkei drops to worst weekly losing run in 20 years, and world growth at risk as U.S. employment stumbles.

The Chinese Yuan May Become A World Currency

China seeks to replace the diminishing U.S. dollar as the world reserve and trade currency, and efforts are underway in Beijing to set up the Chinese yuan for global currency.

Canadian loonie near parity with US dollar

The Canadian loonie's climb to parity with the US dollar should hold steady throughout the rest of 2010 but experts predict that it is vulnerable to a pullback before spring.

Op-Ed: 10 Reasons to Buy Gold at $1,300.00 an Ounce

The U.S. economic recovery, which is now forecasted to struggle until 2015, will compel currency debasement by the Feds and compel countries and investors to reexamine their dollar holdings.

The Federal Reserve Board announces delay of new $100 note

New York - The Federal Reserve System announced in a press release that it will delay the latest issue of the new $100 bill after a problem of "sporadic creasing of the paper." It was originally supposed to be issued in February.

Op-Ed: Will the Price of Gold Reach $5,000?

...the US government’s credit rating must appear on someone’s credit watch list, inside of two years, if not, altogether downgraded to less than AAA. This is a plus for gold.

Euro continues to fall, plummets below $1.20 against U.S. dollar

Paris - A new survey taken with a number of economists suggests that they think the euro will cease to exist by the end of this Parliamentary term. The fear could continue as the euro dropped below $1.20 against the U.S. dollar.

Loonie opens trading day above parity with U.S. dollar at 100.18

Toronto - The Canadian dollar opened the trading session fully above the United States dollar up one-third of a cent at 100.18 cents US.

Canadian dollar goes briefly above parity with U.S. dollar

Toronto - In midmorning trading, the Canadian loonie exceeded parity with the United States dollar for the first time since July 2008. Rising oil prices is said to have contributed to the American dollar's decline.

Canadian loonie within a hair of parity with U.S. dollar

Toronto - As commodities rose, the Canadian loonie was within an inch of parity with the United States dollar on Monday when it hit 99.7 cents U.S. in the mid-afternoon trading session.

Canadian dollar inches toward parity with U.S., reaches 99 cents

Toronto - The Canadian dollar went above 99 cents today before dropping back but it is still continuing to chase parity with the troubled United States dollar.

Canadian Dollar to soar above parity with U.S. Dollar this year

Toronto - As the Canadian Loonie continues to climb over the latest several trading sessions, financial experts believe the Canadian Dollar could soar above parity to the United States Dollar.

China ready to end pegging currency to U.S. Dollar

Beijing - The Governor of the People's Bank of China, the country's central bank, said they are ready to end pegging its currency to the United States Dollar but warned that any policy decisions will occur gradually.
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Dollar on a sea of blood with the black and the original Sun
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End of the road for the Benjamin
End of the road for the Benjamin
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US $500 Dollar Bill
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A stack of Australian $50 notes
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