Tag: US dollar

• Saturday, May 1st 2021 - 08:04 UTC

  US dollar stays on a slump in Uruguay

  

  The US dollar kept its downward trend against the Uruguayan peso Friday, closing at US $ 1 = UR $ 43.8 for interbank operations, it was reported. In Brazil, the exchange rate fell 0.7% Friday and stood at 5.44 R$ per dollar.

• Thursday, September 17th 2020 - 09:30 UTC

  Argentina tightens currency controls, helping the US dollar climb to a new record

  

  Argentina's peso currency plunged further into record low territory after the central bank tightened currency controls. The peso opened almost 0.1% weaker at 75.25 per U.S. dollar, traders said, and the country risk rose 38 basis points to 1,157. The black market peso or blue dollar plummeted 9.7% to open at a new all-time low 145 per U.S. dollar.

• Saturday, July 18th 2020 - 09:05 UTC

  Cuba devalues its currency and makes the US dollar legal tender for shopping

  

  Cuba said this week it will allow some stores to sell food, personal hygiene and other consumer goods in U.S. dollars and will eliminate a 10% tax on the greenback, an effort to rake in more hard currency to purchase goods abroad.

• Thursday, April 23rd 2020 - 08:46 UTC

  The Short-term Liquidity Line: A New IMF Tool to Help in the Crisis

  

  By Geoffrey Okamoto – The COVID-19 pandemic has severely disrupted the global economy at every level. Across the world, financial conditions have tightened dramatically, with unprecedented portfolio outflows from emerging markets in terms of both size (a record of about US$100 billion) and speed, and markets effectively frozen in some cases. This has created sizable demand for U.S. dollar liquidity, with emerging markets facing sharp liquidity shortages.

• Tuesday, April 7th 2020 - 07:50 UTC

  COVID-19 hits hard US economy, with millions of jobs lost, but the dollar remains king

  

  The COVID-19 outbreak in the United States has caused millions of people to lose their jobs and brought the economy to its knees but it has not dethroned the American dollar. On the contrary, the currency has risen in value this year, gaining six percent from its lowest point reached in early March, according to the US dollar index, which measures the greenback's value against a basket of other currencies.

• Friday, March 6th 2020 - 11:00 UTC

  “If I mess up”, the US dollar could reach 5 Real, admits Brazil's minister Guedes

  

  Brazil’s economy minister blamed the Real’s slide to an all-time low on the coronavirus outbreak and said the currency could weaken to as much as 5 per dollar if he “messes up.” Paulo Guedes said the Real is weakening largely due to the economic impact of the epidemic, rather than a change in the country’s risk perception.

• Thursday, February 20th 2020 - 18:14 UTC

  Brazilian currency again slips to a record low against the US dollar

  

  Brazil’s real posted a record low close against the dollar for a second straight day on Wednesday, after earlier sliding to within less than one centavo of its weakest-ever level as the weight of selling pressure built up on several fronts.

• Wednesday, November 20th 2019 - 09:55 UTC

  Brazil's Real depreciating against the US dollar, but inflation remains below target

  

  Brazil’s Real is sliding toward an all-time low against the U.S. dollar, but the central bank appears in no rush to intervene to slow or even reverse the fall. Despite the Real’s historical weakness, the market is functioning smoothly: depreciation, so far, has been fairly orderly, volatility is low, liquidity has not dried up, and the Real is not the only emerging market currency under pressure.

• Tuesday, October 22nd 2019 - 12:12 UTC

  How has the US-China trade war affected forex?

  

  There are many factors that affect the value of currencies and influence the flow of foreign exchange, but few have a more significant impact than a trade war.

• Wednesday, September 4th 2019 - 09:58 UTC

  Signs of budding of financial stability in Argentina: Peso stronger and country risk falls

  

  Argentina's peso surged on Tuesday, pumped up by Wall Street traders cheering President Mauricio Macri's capital controls that are aimed at protecting the beleaguered currency. The peso closed 5.39% higher at 55.98 per U.S. dollar, traders said, its strongest level in a week after a near-record low close on Friday.