dollar

On Monday, the greenback climbed to its highest levels in over two years. Investors in ETFs tracking the S&P 500, such as the SPDR S&P 500 ETF Trust (NYSE:SPY), Vanguard S&P 500 ETF (NYSE:VOO), and iShares Core S&P 500 ETF (NYSE:IVV), might be wondering: What does this mean for my...

President-elect Donald Trump is encountering a significant challenge with the U.S. dollar. Despite his inclination towards a “weaker” currency to enhance U.S. exports and reduce the trade deficit, his proposed policies might inadvertently lead to a stronger dollar. What Happened:...

As President-elect Donald Trump threatened BRICS countries against a reserve currency, economist Jeremy Siegel says “Bitcoin is far more of a threat to replace the dollar in world reserves than anything created by the emerging market economies.” What Happened: BRICS, an...

The U.S. dollar has entered its most historically bearish month of the year, with December often marking a period of seasonal weakness for the greenback. Over the past half of a century, the U.S. Dollar Index — as tracked by the the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP) — has declined by...

U.S. stock futures declined in premarket hours as traders digested new appointments for the key cabinet positions by President-elect Donald Trump. Hoards of data are expected to be released today which could give a clearer picture of where interest rates are headed. Futures for the three major U.S...

As the U.S. dollar scaled a fresh 52-week high on Friday morning at 108.071 level, former Goldman Sachs FX strategist and senior fellow at Brookings Institution, Robin Brooks said in an X (formerly Twitter) post that, “Markets initially got this wrong, driving stocks up sharply right after...

As geopolitical tensions escalate in the Middle East, Ukraine has launched U.K.-made Storm Shadow missiles into Russia and the Kremlin has loosened its policy for using nuclear weapons. However, Russian President Vladimir Putin said he is open to a peace deal brokered by President-elect Donald...

Former Governor of South Carolina and erstwhile presidential candidate Nikki Haley said on Sunday that Iran’s oil exports had risen four-fold under President Joe Biden due to his “lack of enforcement.” What Happened: In a post on X, she said that “nearly all of the oil went...

Arthur Hayes, co-founder of cryptocurrency exchange BitMEX, believed President-elect Donald Trump's policies would weaken the dollar, driving up the value of scarcer assets like Bitcoin (CRYPTO: BTC) significantly. What happened: In a blog post titled "Black or White," published Tuesday, Hayes...

Scott Bessent, a prominent economic adviser to Donald Trump, has addressed concerns regarding Trump’s potential economic policies if re-elected. Bessent assured that Trump would not weaken the U.S. dollar or drastically alter trade policies. What Happened: Bessent, a hedge fund manager, has...

The CEO of Investment Management Associates, Vitaliy Katsenelson, has voiced his concerns over former President Donald Trump‘s idea of a Bitcoin (CRYPTO: BTC) strategic reserve. What Happened: Trump had previously expressed his aspiration for the U.S. to become a “Bitcoin superpower...

The Republican National Committee has released a 20-point presidential platform, with Donald Trump vowing to maintain the US dollar’s status as the world’s primary reserve currency. However, a former Treasury economist has raised concerns that Trump’s fiscal policies could weaken...

In recent developments, Republican representatives have put forth a series of bills and resolutions aimed at honoring former President Donald Trump. The proposed honors include featuring Trump on the $500 bill and renaming an international airport in his name. What Happened: These largely symbolic...

Russian Finance Minister Anton Siluanov has warned that the potential seizure of Russia’s frozen assets is causing a decline in global trust in major Western currencies. What Happened: Siluanov, in an interview with RIA Novosti, expressed concerns about the trustworthiness of the dollar and...

El Salvador President Nayib Bukele, a well-known backer of Bitcoin (CRYPTO: BTC) has raised questions about the sustainability of the U.S. government’s capacity to print endless amounts of money. What Happened: On Monday, Bukele took to X, formerly Twitter, to raise concerns about the U.S....