Dollar jumps, yen weakest since 1990
The US Dollar (USD) reached its highest since early November against a basket of currencies… Read More
US Dollar the king of the currencies and the US uses this privilege to affect the stability of other countries. After the world war II European currency were collapsed and the dollar had the qualities which made it just right for the new global monetary system.
Issuing the currency that was most used by the world gave the US what the French minister of finance called “exorbitant privilege” this was simply the idea that too much trust was being put in the currency and America got to buy the world’s products using its own currency but everyone else has to use its currency.
By 1966, foreign banks held about $14 billion worth of US Dollars but the United Stated had only 13.2 Billion dollars in actual gold reserves and most of that had to cover domestic holdings and this cause concern. In 1965 the French president challenged the US Dollar position in the international economy.
The US Dollar (USD) reached its highest since early November against a basket of currencies… Read More
Pakistani rupee on Wednesday witnessed a downward trend as local unit decreased by 08 paisa… Read More
The US Dollar (USD) hit its highest in almost five months on Tuesday as stronger-than-expected… Read More
The Japanese Yen (JPY) dropped to its lowest level since 1990 on Wednesday, into the… Read More
The US dollar (USD) held steady against a handful of rival currencies on Wednesday, as… Read More
The US Dollar (USD) held steady on Monday after ticking higher for a fifth straight… Read More
The US Dollar (USD) hovered near a five-week peak against major peers on Thursday after… Read More
The US Dollar (USD) edged higher against the euro on Tuesday and dipped against the… Read More
KARACHI: The Pakistani rupee registered gains against the US dollar, appreciating 0.02% in the inter-bank… Read More
KARACHI: The Pakistani rupee continued to appreciate against the US dollar in the interbank market… Read More
LONDON: The US Dollar (USD) rose on the first trading day of the year, supported… Read More
KARACHI: The Pakistani rupee on Friday appreciated by 50 paisas against the US dollar in… Read More
LONDON: The US Dollar (USD) slipped to a five-month low on Wednesday and the euro… Read More
NEW YORK: The US Dollar (USD) eased to a 3-day low against a basket of… Read More
LONDON: The US Dollar broadly held its ground against other major currencies on Wednesday, while… Read More
NEW YORK: The US dollar jumped against the yen on Tuesday after the Bank of… Read More
The US Dollar (USD) bounced on Friday after Federal Reserve Bank of New York President… Read More
LONDON: The US Dollar (USD) touched a fresh four-month low on Thursday after the Federal… Read More
NEW YORK: The US Dollar (USD) pared losses against the euro and yen on Tuesday… Read More
KARACHI: The Pakistani rupee (PKR) continues to appreciate against the US dollar in the interbank,… Read More