dollar
Donald Trump may dent but not dethrone King Dollar
Donald Trump says he wants to reverse the strong dollar policy which has underpinned the US economic framework since the early 1990s
Analysis / How US is daring the world to find a dollar alternative
The United States is merrily chipping away at the pillars that hold up the dollar as the world's reserve currency, with the latest blows coming from some powerful Americans questioning the rule of law following the conviction of Donald Trump
G7 reaffirms warning against excess currency volatility in nod to Japan
Finance leaders of the Group of Seven (G7) advanced nations on Saturday reaffirmed their commitment to warn against excessively volatile currency moves, language Japan sees as a green light to intervene in the market to arrest rapid falls in the yen
Short-term trade finance cost in foreign currencies goes up
he Bangladesh Bank yesterday increased the all-in-cost ceiling for short-term trade finance in foreign currencies to 4 percent
Analysis / King dollar seen vulnerable in 2024 if Fed pivots
The Federal Reserve's dovish December pivot has boosted the case for the weakening dollar to keep falling into 2024
Asia shares slip on Middle East woes, higher yields
Asian shares hit one-year lows Monday as the risk of a wider conflict in the Middle East clouded sentiment in a week laden with data on U.S. growth and inflation as well as earnings from some of the world's largest tech companies.
Higher input, dollar costs take gloss off paint industry
Like other sectors, the paint industry in Bangladesh is in troubled waters as the US dollar crunch has made it difficult for manufacturers to import raw materials in line with their demand.
Dollar gains against major currencies
The U.S. dollar was firmly higher against major currencies on Monday, while China’s yuan slipped as sentiment was soured by rising COVID cases and tightening restrictions in some cities in the world’s second-biggest economy.
How countries should respond to the strong dollar
The dollar is at its highest level since 2000, having appreciated 22 per cent against the yen, 13 per cent against the euro and 6 per cent against emerging market currencies since the start of this year. Such a sharp strengthening of the dollar in a matter of months has sizable macroeconomic implications for almost all countries, given the dominance of the dollar in international trade and finance.
Banks asked to convert export proceeds into taka immediately
Bangladesh Bank has asked banks to convert major export earnings of businesses into taka immediately as it looks to increase the supply of US dollars in the economy.
Football: Premier League stars tackle weak pound
The Premier League's star imports are demanding huge pay rises as clubs' TV revenues rocket, Chinese teams entice them with mega wages -- and the pound slumps ahead of Brexit.
China gives currency largest boost in a decade
China raised the central rate for its yuan currency by the largest amount in a decade on Monday, officials and reports said.