Dollar value drops by Tk2.9 in a week as demand decreases
Banks offer a fee as low as TK120 for Thursday’s remittance dollars July 13th, 2025, 12:30am Last revised: July 13th, 2025, 1:19pm Infographic: TBS The US dollar has seen a notable decline against the taka over the past week, dropping around TK2.90. This fall, combined with strong remittance inflows and export activity, suggests a decreased […]
Increased rupees and pesos for your dirham? The rise of the US dollar brings good news for expats in the UAE.
UAE Foreigners Benefit from Strong Dollar Dubai: This week, expatriates in the UAE are seeing positive shifts in their money transfers home, as the Dirham gains value amid a significant rise in the US dollar, which has marked its best weekly performance since February. This uptick follows President Trump’s latest tariff threats, which have reignited […]
Declining dollar impacts vacation budgets even with summer flight discounts
Impact of the US Dollar’s Decline on Travel Budgets This year, with the US dollar losing value, American travelers might find international trips costlier than they have in previous years, which could challenge their vacation budgets. According to the Wall Street Journal’s US Dollar Index (DXY), the dollar has dropped about 10% so far in […]
What’s the Lowest the Dollar Can Drop?
Key takeout Investors continue to witness a decline following the dollar’s most significant drop in six months, a rarity in decades. Distrust in the dollar is prompting many to sell it in favor of gold and other significant currencies. Even with the Chinese central bank backing the yuan, the dollar isn’t expected to relinquish its […]
US Dollar strengthens amid tariff impacts and strong economic conditions
US Dollar Strengthens Amid Tariff Threats The US dollar saw an uptick on Friday due to President Trump’s new tariff announcements and rising expectations for reduced Fed interest rates. Trump has imposed a 35% tariff on Canadian goods, citing concerns about fentanyl and trade imbalances. The US Dollar Index (DXY) is currently below key resistance […]
Australian Dollar falls as US Dollar increases due to changing signals from the Fed
The Australian Dollar and Market Dynamics The Australian dollar remains stable while the market holds steady amidst scrutiny. The RBA has cautioned that increasing labor costs combined with reduced productivity may lead to inflation that surpasses current predictions. Trump has declared a 35% tariff on goods imported from Canada. The Australian Dollar (AUD) is encountering […]
Dollar remains strong as European morning trade approaches
The Dollar’s Stability Amid Tariff Threats The dollar appears to be finding a stable position this week, even as Trump’s recent threats of new tariffs loom ominously as we approach August 1st. In the broader context, the recent acquisition of dollars seems less significant, having been deeply affected by policy inconsistencies and a decline in […]
US Dollar Index strengthens past 97.50 as Trump reveals new tariffs
The US dollar index is expected to be around 97.80 during Friday’s Asian trading session. On Thursday, Trump announced a 35% tariff on Canadian imports starting August 1. Initial US unemployment claims dropped to a seven-week low of 227K last week. The US Dollar Index (DXY) reflects the value of the US dollar (USD) against […]
US Dollar steadies as Trump prolongs tariff efforts
The US dollar has been stable above 97.50 after experiencing a slight dip during Asian trading hours. Initial US unemployment claims decreased to 227,000, while ongoing claims rose to the highest since 2021. Minutes from the June FOMC meeting indicate most officials support potential interest rate cuts later this year. The momentum index shows that […]
Goldman Believes Dollar Could Once Again Function Like a Risky Currency
Goldman Sachs Analysts Reflect on US Dollar Volatility In recent weeks, the volatility of the US dollar appears to have calmed, but analysts at Goldman Sachs Group suggest that it could start behaving more like a “risky” currency. According to analysts Karen Reichcott Fishman and Lexie Kanter, there’s been a noticeable shift away from US […]