Stock Market Gains, Economic Recovery Boost U.S. Dollar
Investors are showing more interest in the dollar, which is benefiting from the stock market's surge to new highs and an improving U.S. economy.
exchange rates
China's Record Foreign-Currency Reserves Heat Inflation Concerns
China's foreign-exchange reserves jumped by a record 7.5% during the fourth quarter, increasing concerns over the country's inflation, The New York Times reported Tuesday.
Currency Wars Are Heating Up Across Latin America
They're gearing up for a potentially damaging round of currency interventions to help keep their economies competitive, especially against China. Says Brazilian Finance Minister Guido Mantega: "This is a currency war that is turning into a trade war."
It's Time for a New Reserve Currency: Meet the Mondo
For a host of reasons, other countries would love to free their economies from the stranglehold of the U.S. dollar's influence, especially now, when the Fed's stimulus actions are pushing the dollar lower, and everything else higher. Global finance expert Peter Cohan has a simple answer: The Mondo.
World Spins Closer to a Currency War
The threat of a global currency war is heating up after global leaders failed to resolve their differences at International Monetary Fund talks that ended Saturday.