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US Dollar (USD)
Global Economy
Dollar usage in global payments in July rises to record, Swift says
The dollar’s role in international payments has never been stronger, according to the latest transaction data compiled by Swift.
August 24, 2023
US Economy
US dollar's busted bull run has bears calling end of an era
The US currency is teetering at the lowest level in more than a year after bets that the US Fed will stop hiking interest rates.
July 17, 2023
Investing strategies
Citi favours back-in-play bonds and non-US equities as dollar weakens
A decade after Citi’s prediction that the US dollar would reach greater value — which came true — a reversal could now be on hand.
July 06, 2023
Global Economy
China's yuan replaces US dollar as most traded currency in Russia
Russia has deepened its ties with China since the February 2022 invasion prompted a break in relations with the West.
April 04, 2023
Forex
Singaporeans flock to foreign currency to lock in top interest rates
The appeal of the product led to foreign currency deposits rising 13% year-on-year in December to $936 billion.
February 10, 2023
Currencies
US dollar strength perseveres as Fed’s inflation concerns persist: Bank of Singapore
Fed officials, alarmed at the prospect of looser financial conditions, are pushing back against the view of a 2023 easing cycle.
August 26, 2022
Tong's Portfolio
The cost of US hegemony to the rest of the world
As we said before, US exceptionalism was paid for, in no small part, by the rest of the world.
July 28, 2022
Currencies
Saudi Arabia's oil-for-yuan bid won't threaten the dollar
There is no sign of the yuan reaching the status of even the Swiss Franc as a medium of exchange, let alone the mighty greenback.
March 17, 2022
Russia-Ukraine crisis
US dollar rises against almost everything on deepening conflict in Ukraine
“USD is king, offering liquidity and safe haven attributes,” said Rodrigo Catril, a currency strategist at National Australia Bank
February 28, 2022
Tong's Portfolio
USD will continue to strengthen in 2022
Persistent supply chain disruption is, in turn, keeping inflation higher for longer than originally anticipated.
January 06, 2022