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U.S. dollar

News

Iran considers currency change

The Rhouhani government approved on Wednesday a call by central bank to replace the rial with the more colloquially and historically known toman

The Rhouhani government approved on Wednesday a call by central bank to replace the rial with the more colloquially and historically known toman

Business

Strong US job gains further fuel rate rise expectations

US job growth increased solidly in November – another sign that the economy is holding up – and for many another reason for the Federal Reserve to

US job growth increased solidly in November – another sign that the economy is holding up – and for many another reason for the Federal Reserve to

Business

Egyptian pound devalues and death cross threatens the dollar

The Egyptian pound has been devalued and the US dollar index continues to struggle. The Central Bank of Egypt is struggling due to a dollar shortage

The Egyptian pound has been devalued and the US dollar index continues to struggle. The Central Bank of Egypt is struggling due to a dollar shortage

Business

The currency war intensifies after China devalues the yuan

One week after the People’s Bank of China devalued the yuan Business Middle East focuses on reactions to the central bank’s latest action which was

One week after the People’s Bank of China devalued the yuan Business Middle East focuses on reactions to the central bank’s latest action which was

Business

International Energy Agency report sees no quick end to oil glut

The demand for oil across the globe is growing at its fastest pace in five years. The steep rise is down to rebounding economic growth and consumers

The demand for oil across the globe is growing at its fastest pace in five years. The steep rise is down to rebounding economic growth and consumers

Business

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

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

Business

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

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

Business

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

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

Business

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

From next Monday Zimbabweans with have their mental arithmetic simplified for them with the news some zeros are coming off the currency. Quite a

News

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

If you suffer from Arithmophobia (fear of numbers) you might want to stop reading now. The Zimbabwean central bank is offering to convert

Business

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

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

Business

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

Global stocks have spiraled downwards amid lingering concerns over Greece going bankrupt and the prospect of the first rise in US interest rates in

Business

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

There is conflict in the Ukraine property market. Many owners signed up for dollar mortgages which were popular before 2008. But a falling exchange

Business

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

The sparkle of upmarket jeweler Tiffanys has been tarnished with the company forced to cut its profit forecast. Shares in the jewelers fell almost

Business

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.

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.

Business

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

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

Business

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

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

Business

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

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

News

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

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

Business

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

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

Business

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

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

Business

Fed expected to cut US growth forecast

The Federal Reserve is expected to lower its growth forecast for 2014 at meetings on Tuesday and Wednesday. In March, it had predicted the US economy

The Federal Reserve is expected to lower its growth forecast for 2014 at meetings on Tuesday and Wednesday. In March, it had predicted the US economy

Business

Netflix marks revenue rise with price increase for new customers

Netflix has said its quarterly revenues from video streaming have passed $1 billion, as it announced it is putting up its subscription price for new

Netflix has said its quarterly revenues from video streaming have passed $1 billion, as it announced it is putting up its subscription price for new