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US Dollar news

  
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Hong Kong debates its currency's peg to the US dollar
The US dollar peg, which effectively ties Hong Kong to America's monetary policy, has helped the semi-autonomous territory navigate successfully through the Asian financial crisis, the outbreak of severe acute respiratory syndrome (Sars) and the ...
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China and Japan Abandon US Dollar as a Means of Trade
Best Financial Markets Analysis Article In the next month China and Japan (China's main trading partner) will no longer use the U.S. dollar as the only currency in trade with each other. They will use the Yuan and the Yen directly with each other. This ...
Yuan-yen direct trading is a win-win game  China.org.cn
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Reasons Why the US Dollar is Really Rising
Best Financial Markets Analysis Article Keith Fitz-Gerald writes: By all accounts, the U.S. dollar should be the functional equivalent of a Zimbabwean bill.
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US Dollar Correlation to Dow Provides Safe Haven amidst Euro Crises
Ongoing European fiscal crises continue to affect the Euro and the safe-haven US Dollar (ticker: USDOLLAR) could benefit if the weekend's European summit produces further tensions.
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RMB Depreciates Against US Dollar By Record Amount in May
Jun. 8 - China's renminbi (RMB) dropped 0.9 percent against the U.S. dollar in May, more than in any other month since the Chinese government first started letting the RMB appreciate in 2005.
China's remarkable short USD position
Figure 2 shows the big spikes in importers' USD buying activity in late 2008 and late 2011, when expectations of CNY depreciation hit.
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How China Will Use the Yuan to End the US Dollar Standard
We don't believe China is trying to position the yuan to replace the US dollar as the world's reserve currency. China is reluctant to open its capital account to foreigners and make the yuan freely convertible on international markets, because of the ...
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Philip Morris warns on strong US dollar
Philip Morris International, the world's largest tobacco company by revenues, said on Thursday that the strengthening US dollar will be a drag on its earnings this year. The US company that sells tobacco products overseas warned that foreign exchange ...
Philip Morris sees less profit as dollar gains  Reuters
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Strong US dollar, stronger Philippine peso
The ongoing political uncertainty in the Eurozone, concerns of a Greek exit and escalating woes in Spain and Italy have pushed the US dollar up strongly last month. Moreover, the sell-off in the equities and commodities markets last month as economies ...
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Strong US Dollar Fallacy
Best Financial Markets Analysis Article After a shocking upset in Greece's parliamentary elections, the US dollar surged dramatically.
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