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The dollar was up and IMF data on reserve currency holdings for the first quarter showed few signs of a major shift away from the greenback.
The answer is no, but the reason has little to do with the tariffs.
Strong dollar shows no signs of weakening. The prospect of tariffs and of interest rates staying higher for longer will likely continue to push up the U.S. currency’s value in 2025.
The dollar has just posted its worst first-half of a year since 1973. And now investors wonder — is it a sign that America is losing its financial standing?
SINGAPORE/SHANGHAI (Reuters) -A wave of dollar selling in Asia is an ominous sign for the greenback as the world's export powerhouse starts to question a decades-long trend of investing its big ...
This special role for the dollar can be traced back to 1944. That's when global financial leaders met at a fancy hotel in Bretton Woods, New Hampshire, and hammered out the details of a new global ...