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SATURDAY, NOVEMBER 7, 2009
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NEWS ABOUT: US dollar

US dollar stories: 101 news summaries

1 - 20 of 101 Stories | 1 2 3 4 5 6 Next >>

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  Geithner 
 to Bankers: 
 Crackdown 
 Is 'War' 



Treasury secretary tells Wall Street it must accept regulation

Oct 28, 09 7:30 AM CDT
(Newser) - Tim Geithner had tough words for Wall Street bankers yesterday, telling the financial industry's annual conference that they had no credibility to protest new regulation. The Treasury secretary said government had a responsibility to crack down on dangerous practices on the Street and design new laws allowing seizures of institutions... More »

MORE ABOUT:
Wall Street • US dollar • economic stimulus package • bank regulation • Treasury secretary • financial crisis • Timothy Geithner

ANALYSIS

Count the US Dollar Down, But Not Out

Fears of a looming currency crash are overblown

Oct 23, 09 4:25 PM CDT
(Newser) - With the US economy in a prolonged slump and the Fed likely to keep interest rates low for the foreseeable future, many worry that a dollar crash will be the next shoe to drop. Currency pessimists can point to a 6-month decline in the dollar; this week the currency hit... More »

MORE ABOUT:
globalization • currency exchange • yuan • Lehman Brothers • euro • US dollar • weak dollar • financial crisis

PAUL KRUGMAN

 China Must Be
Confronted on Currency

Shackling the yuan to the dollar threatens world economy

Oct 23, 09 5:00 AM CDT
(Newser) - China has been allowed to get away with its outrageous currency policy for far too long and it's time the world did something about it, writes Paul Krugman. The nation has been keeping its currency effectively pegged to the dollar, and this policy will result in even greater trade imbalances... More »

MORE ABOUT:
currency • yuan • Chinese economy • US dollar • US currency

 Euro Cracks $1.50, 
 Dollar Hits New Lows 


Investors shun low-yielding greenback for riskier currencies

Oct 22, 09 4:00 AM CDT
(Newser) - The dollar fell below the $1.50 threshold against the euro yesterday for the first time in 14 months, as investors with renewed appetites for risk continue to abandon the greenback. The dollar is at its lowest level against six other currencies in more than a year, and foreign exchange... More »

MORE ABOUT:
currency • exchange rate • euro • US dollar • weak dollar

OPINION

 China's Rise Threatens 
 to Turn US Into Britain 

America will end up as an also-ran if it can't reinvigorate its economy

Oct 13, 09 4:45 AM CDT
(Newser) - America used its financial clout to knock the British Empire into second place last century and it's in danger of receiving the same treatment from China in the not-too-distant future, writes Zachary Karabell. China is the American government's biggest creditor, much as the US was to Britain in 1946, Karabell... More »

MORE ABOUT:
China • deficit • US economy • Britain • US dollar • British Empire.

 Oil States Plot to Ditch Dollar 

Gulf Arabs in talks to replace greenback with mix of currencies

Oct 6, 09 1:20 AM CDT
(Newser) - The American dollar is dropping against the yen and euro amid reports that the Gulf states are planning to replace use of the greenback in oil trading in favor of a basket of mixed currencies. The Arab states are in advanced discussions with China, Russia, Japan and France to end... More »

MORE ABOUT:
China • oil • currency • euro • US dollar • US currency • currency trading

(Newser) - The American economy is heading out of recession, but the long-term fate of the dollar may not be so bright, writes the Wall Street Journal. Growing numbers of economists and investors, including Warren Buffett, say that stimulus spending and rate cuts will boost inflation and weaken the greenback. At the... More »

MORE ABOUT:
inflation • currency • debt • national debt • US dollar • weak dollar

85% of Dollars in US Cities Test Positive for Cocaine

95% of DC bills test positive

Aug 18, 09 2:23 AM CDT
(Newser) - The US money supply is literally soaked in cocaine, the Guardian reports.Tests performed by the American Chemical Society found that an average of 85% of paper money circulating in big US cities tests positive for traces of the drug. While cross-contamination between bills bundled together is a factor, it... More »

MORE ABOUT:
drugs • cocaine • money • contamination • US dollar • five dollar bill

(Newser) - China is speeding up efforts to encourage the use of its currency in international trading, with analysts predicting that the Chinese renminbi will become one of the three top currencies by 2012, reports the Times of London. In recent months Beijing has inked currency-swap deals with central banks from Korea... More »

MORE ABOUT:
China • currency • yuan • Chinese economy • US dollar • foreign currency • renminbi

 Dollar Headed for Biggest 
 Gains Since '81: Bankers 

Greenback set for 17.1% gain against euro

Jun 29, 09 8:24 AM CDT
(Newser) - The dollar is poised for its biggest advances in 28 years, according to Deutsche Bank, which predicts a 17.1% gain against the euro by the end of the year. Other banks polled by Bloomberg are similarly bullish about the greenback, which has just endured its worst quarter since 2002.... More »

MORE ABOUT:
currency • exchange rate • currency exchange • euro • US dollar • weak dollar

OPINION

$134B Suitcase Could Be Huge Smuggling Scam

Italy arrests men with enough US bonds to buy a few countries

Jun 17, 09 8:40 AM CDT
(Newser) - Last week, Italian authorities detained two Japanese men attempting to cross the border into Switzerland carrying a suitcase stuffed with $134 billion in US bonds. The men are either massive counterfeiters or—even scarier—the fourth-largest creditors of the US Treasury, with enough cash to buy three or four countries.... More »

MORE ABOUT:
Ben Bernanke • Italy • Switzerland • debt • bonds • US dollar • counterfeiters • Treasury bills • Timothy Geithner • smuggling • Treasury note

MARKETS

 Dow Jumps 28, 
 Ends at 2009 High  


Jun 12, 09 3:15 PM CDT
(Newser) - Markets were mixed today, but the Dow closed at its highest end point in 2009 even as tech and material stocks pulled down other indices, the Wall Street Journal reports. The resurgent dollar cut deeply into the commodities sector. A NYSE computer malfunction also temporarily halted trading in some... More »

MORE ABOUT:
stock market • NASDAQ • New York Stock Exchange • Dow Jones • Treasury Department • US dollar • S&P 500 • technology companies

MARKETS

 Oil, Transport Send Dow Up 97 


May 29, 09 3:16 PM CDT
(Newser) - Markets tacked on solid gains today, with the Dow and S&P 500 up for a third consecutive month, the Wall Street Journal reports. Oil was up to a 6-month-high, as were transport stocks on hopes of orders. “There are signs things are being transported,” a manager said.... More »

MORE ABOUT:
stock market • NASDAQ • New York Stock Exchange • Dow Jones • US dollar • S&P 500 • oil prices • transportation sector

 Dollar Hits 2009 Low 

Credit rating fears send greenback falling against pound, euro

May 22, 09 6:48 AM CDT
(Newser) - The dollar fell to its lowest level of the year today as investors grew nervous that the US could lose its triple-A credit rating, Reuters reports. The greenback declined to $1.39 against the euro and $1.58 against the pound, echoing similar drops across the world. Yesterday, Moody's said... More »

MORE ABOUT:
currency • exchange rate • pound • euro • US dollar • weak dollar • Triple-A credit rating • credit rating • Jay-ZTV

analysis

 Is the US Dollar 
 All Spent? 


Apr 6, 09 6:35 PM CDT
(Newser) - Sick of relying on the US dollar, critics around the world want it replaced as Earth's top currency, Michael Schuman writes in Time. A panel of UN economists and a top banker in China have called for a new unit—like the IMF's Special Drawing Units—to stabilize the global... More »

MORE ABOUT:
IMF • global economy • US dollar • weak dollar

OPINION

China's Trouble: Lots of Dollars, Little Sense

Krugman: Beijing knows it's in trouble, remains tied to old ills

Apr 3, 09 12:39 PM CDT
(Newser) - China’s recent call for an alternative to the dollar as a reserve currency underlines how much trouble the country is in after years of stockpiling greenbacks, Paul Krugman writes in the New York Times. The Chinese, long unwilling to let the yuan float freely on foreign exchanges, are signaling... More »

MORE ABOUT:
China • trade surplus • yuan • US dollar • Treasury bills • Chinese exports

 China: Ditch the Dollar 
 as World Standard 

Central bank says IMF asset could be solution

Mar 24, 09 9:43 AM CDT
(Newser) - Highlighting international anger over the sorry state of the US economy, China has called for the dollar to be dumped as the global currency standard, the Wall Street Journal reports. China’s central bank said an International Monetary Fund asset could take over the dollar’s global role, Reuters reports.... More »

MORE ABOUT:
China • currency • International Monetary Fund • US dollar • international currency • Bank of China

MARKETS

 Dow Off 100 as Rate Rally Dies 

Stocks fall on poor earnings, more job cuts

Dec 17, 08 3:27 PM CST
(Newser) - Stocks turned lower as jubilation over the Fed’s rate cut yesterday died down and concerns about the slumping economy returned today, the Wall Street Journal reports. Losses by Morgan Stanley and Goldman Sachs dragged financials lower. The Dow closed down 99.80 at 8,824.34. The Nasdaq fell... More »

MORE ABOUT:
currency • Goldman Sachs • Dow Jones • Morgan Stanley • unemployment • Nasdaq • US dollar • S&P 500 • financial crisis

ANALYSIS

 4 Financial Doomsday Scenarios 


Dec 17, 08 11:20 AM CST
(Newser) - James Rickards is far more pessimistic about the economic crisis and its global implications than most of his analyst colleagues, Politico reports. But he’s also well respected by US intelligence and defense services. Here are four of his nightmare scenarios.
  • Terrorism: Al-Qaeda has long sought to disrupt the
... More »

MORE ABOUT:
China • terrorism • depression • recession • national debt • euro • credit crisis • US dollar • financial crisis • economic downturn • recession depression

ANALYSIS

Dollar's Long Rally Likely
to Stall in 2009

Recession, low interest rates will catch up with buoyant greenback

Dec 8, 08 5:28 AM CST
(Newser) - The once moribund dollar has soared 20% against foreign currencies since July, one of the few bright spots in a grim financial landscape. The dollar traded against the euro at $1.28 this morning, down from a high of over $1.60 this summer. But the dollar's rally is expected... More »

MORE ABOUT:
currency • exchange rate • currency exchange • euro • US dollar • US currency • financial crisis

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