U.S. dollar
China devalues yuan to lowest rate against US dollar in almost three years
China’s central bank has devalued the yuan to its lowest rate against the US dollar in almost three years and its biggest one-day drop since 1994
Dollar rises after Federal Reserve comments on interest rate hike
The dollar rose to its highest in more than three months on Wednesday. The jump came after a Federal Reserve official said the central bank was close
Golden shot: China shocks the commodities market with reserves revelation
Gold appears to be losing its lustre after shedding 4% of its value in a turbulent week. Morgan Stanley indicated a worst-case scenario of a drop to
China's markets bounce back after dip
In this edition of Business Middle East we look at the impact of turbulence in the Chinese markets and moves to strengthen dollar resources in Egypt
H&M stitched up by strong US dollar
H&M, the world’s second largest fashion retailer, fears a negative impact from higher costs due to the strong US dollar. The company buys most of
Zimbabwe slashes 16 zeros from currency but dollar still a joke
From next Monday Zimbabweans with have their mental arithmetic simplified for them with the news some zeros are coming off the currency. Quite a
Zimbabwe exchanges 250,000,000,000,000 local dollars for US$1
If you suffer from Arithmophobia (fear of numbers) you might want to stop reading now. The Zimbabwean central bank is offering to convert
Federal Reserve opens door to June interest rate rise
The Federal Reserve has released its highly anticipated statement on how soon it plans to tighten monetary policy. It put a June interest rate rise
Global markets slide amid fears of historic US interest rate rise
Global stocks have spiraled downwards amid lingering concerns over Greece going bankrupt and the prospect of the first rise in US interest rates in
Dollar mortgage crisis in Ukraine
There is conflict in the Ukraine property market. Many owners signed up for dollar mortgages which were popular before 2008. But a falling exchange
Tiffany loses sparkle with profits forecast cut
The sparkle of upmarket jeweler Tiffanys has been tarnished with the company forced to cut its profit forecast. Shares in the jewelers fell almost
Euro sinks to a nine-year low against the dollar
The euro slid to a nine-year low against the dollar on Monday. It fell by 1.2 percent to 1.1864 dollars – its weakest level since March 2006.
Oil hits four-year low after Saudi Arabia cuts US prices
Oil prices continued to slide on Tuesday. Brent crude was at its cheapest in over four years, close to $82 a barrel at one stage. That followed
Gold weakens further as dollar marches on
Gold continues to lose its lustre for investors as the yellow metal fell to a near four-year-low on Monday, the run strengthened by feelings the
Rouble slumps further putting pressure on Russian central bank
The rouble’s plunge against the dollar and the euro continues. In October alone Russia’s central bank spent over 13 billion dollars of its
Rouble falls to new all-time low against euro and dollar
The Russian rouble has taken a nosedive to a new record low at 41 to the dollar and an unprecedented 52 to the euro. It has taken months of
Euro plunges to two-year low after ECB chief's latest stimulus remarks
The euro has fallen in value to its lowest in two years against the dollar. At one stage it dipped just below $1.27, and was also down against the
Gold slides as Fed indications push dollar higher
Investors have been selling gold as the US dollar jumped in value. The spot gold price slipped one percent on Wednesday, and on Thursday touched
Rouble slips lower, finance ministry comments check losses
The Russian rouble slumped to a new record low against the US dollar on Tuesday It was already this year’s biggest declining currency in a major
Stronger dollar pushes euro's value down, eurozone business growth slows
The euro hit its lowest against the dollar in nearly a year on Thursday, with the greenback benefiting from speculation that US interest rates will