US dollar

The US dollar struggled to stem its broad decline as investors worried the US economic recovery may lag other countries due to a high level of coronavirus infections.

JP Morgan's Asia chief market strategist Tai Hui adds that while the USD has been able to “stay strong” until recently, there are new factors that may cause the reversal of its bullish trend.

Asian share markets turned mixed on Monday as US lawmakers struggled to hammer out a new stimulus plan amid a global surge of new coronavirus cases

Goldman Sachs Group Inc. put a spotlight on the suddenly growing concern over inflation in the US by issuing a bold warning Tuesday that the dollar is in danger of losing its status as the world’s reserve currency.

A looming credit crunch was evident even before the Covid-19 pandemic. In December 2019, a report from Robert Triffin International noted that every metric of dollar exposure outside the US was flashing red.

The rush for dollars is gaining pace despite every attempt by the Federal Reserve and its peers to provide liquidity through swaps, repurchase operations and emergency rate cuts.

SINGAPORE (Sept 17): The Monetary Authority of Singapore (MAS) announced that Singapore’s average daily foreign exchange (FX) trading volume has increased by 22% to reach an all-time high of US$633 billion ($871 billion) from US$517 billion in April 201

  Technical outlook for the Shanghai market The Shanghai Index gapped below the support level near 2,830. This was the lower edge of a broad trading band and represented the lower edge of the market oscillation around the 2,920 level. The upper edg

SINGAPORE (July 12): Some 75 years ago, the Bretton Woods agreement was signed, making the US dollar the world’s reserve currency. But now, there is talk of an alternative: China’s renminbi.

Seventy-five years after the Bretton Woods agreement was signed, making the US dollar the world’s reserve currency, there is talk of an alternative. The US’ weaponising of its currency may well accelerate the process.