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The Obama administration on Thursday declined to name China as a country that is manipulating its currency to gain unfair trade advantages.
Law enforcement officials and business owners across the country say they have seen a significant spike in the circulation of counterfeit currency since the economy started to sour.
General Motors Corp. is halting production in Venezuela for three months starting Friday. Ford Motor Co.'s subsidiary announced 10 percent cutbacks last week. Other automakers also are shrinking their business — but not because Venezuelans don't want to buy cars.
The finance minister pulled back on Russia's aspirations for the ruble to emerge as a regional reserve currency in the near future, saying Saturday it would likely first happen in China.
As the U.S. Treasury continues to churn out hundreds of billions of dollars of fresh debt, officials are confronting one of the thorniest problems since the financial crisis began.
The Obama administration on Wednesday declined to cite China as a country that is manipulating its currency to gain unfair trade advantages.
With the value of the dollar jumping up and down against other countries' currencies, what if the world just agreed to use the same currency? It sounds like a simple idea But like many simple ideas, it would come with all kinds of unintended consequences.
China's central bank has called for the creation of a new global currency as an alternative to the dollar, in the latest sign of that country's growing assertiveness on the international stage. But would the idea even work?
China is calling for a new global currency to replace the dominant dollar, showing a growing assertiveness on revamping the world economy ahead of next week's London summit on the financial crisis.
Iran's state-run English language network says the Cabinet has approved a Central Bank proposal to feature the logo of the country's first domestically built satellite on new coins and bank notes.
A robust dollar sounds like a good thing. But for U.S. companies that do a lot of business in foreign markets, it can turn seemingly strong overseas sales into much weaker ones.
Serbia's currency dropped to an all-time low against the euro on Monday, despite repeated central bank interventions to support it on foreign exchange markets.
Romania's national currency dropped to a record low against the euro on Friday, the central bank said.
Two men passed themselves off as foreign currency traders to swindle customers out of $15 million, which they used to pay for a lifestyle that included strip clubs, jewelry and private jets, according to a criminal complaint unveiled Wednesday in federal court.
Two Montana men have been indicted on fraud charges for an investment scam that federal prosecutors say bilked more than 700 people with promises of never-lose trading techniques on the foreign exchange market.
China will launch a pilot project allowing its currency to be used in some international trade transactions, the government announced, a move aimed at shoring up the country's battered exporters.
Poland's zloty extended its losses against the euro on Thursday amid growing fears that the country's hitherto booming economy will not prove immune to the global financial crisis.
The Bush administration has declined to cite China for manipulating its currency to gain unfair trade advantages against the United States.
The Chinese currency slipped Thursday against the U.S. dollar by the maximum amount allowed, the fourth day of such declines, raising questions about Beijing's commitment to a stronger yuan as U.S. and Chinese officials met to discuss a range of economic issues.
Brazil's currency has fallen to its lowest point against the dollar in three years.
Serbia's currency on Wednesday dropped to an all-time low against the euro despite repeated central bank interventions to support it on foreign exchange markets.
A decline in the Chinese currency's value against the U.S. dollar after months of hovering in a narrow range is threatening to bring the long-simmering issue to full boil as U.S.-China economic talks get under way in Beijing.
Serbia's currency on Tuesday dropped to its lowest this year despite repeated central bank interventions to support it on foreign exchange markets.
A women's group presented thousands of signatures Thursday petitioning Cuba's parliament to close the gap in the communist country's dual economy, which pays state workers in Cuban pesos but offers basics like toilet paper in another currency that few can afford.
Brazil's currency has fallen to its lowest point in three years as fears of a global recession take hold.
China calls for responsible global monetary policiesChina on Monday made a fresh, thinly veiled criticism of the United States for running lax monetary and fiscal policies that risk undermining the dollar.
Gold Futures Rise to Record on Speculation Dollar Will Decline Gold futures are rising dramatically as Central Banks are starting to loose confidence in the dollar and hedging with gold purchases. This is an incredibly bad sign for confidence in the future of the US dollar.
Cashing in on a new gold rushThe price of the precious metal is soaring, hitting a record $1,119 an ounce on Wednesday — confounding market analysts who thought there was no way gold would remain so expensive when it first cracked the unheard-of $1,000 mark last year.
Decline but no fallHere's a fourth and last article... for today. Four is a bit much for a single day -- I suppose that Mr Obama's trip is the reason for this flurry. Still... There is at least one article every day, even when Mr Obama isn't doing anything in particular.
Plea to reduce demand for dollar reservesThere are risks in having the world's reserves denominated in any particular currency. Everyone becomes vulnerable to irresponsible monetary policy for that single country.
Dollar weakens as China hints at stronger renminbiThe €uro is slightly over $1,50 this morning.
Anil K. Kashyap and Frederic S. Mishkin: The Fed Is Already TransparentRepeat after me: These are not the droids you're looking for....
LatAm leftists tackle dollar with new currencyFri Oct 16, 11:14 pm ET COCHABAMBA, Bolivia (AFP) – Leftist Latin American leaders agreed here on the creation of a regional currency, the Sucre, aimed at scaling back the use of the US dollar.
Debacle in Moscow by Charles Krauthammer"About the only thing more comical than Barack Obama's Nobel Peace Prize was the reaction of those who deemed the award "premature," as if the brilliance of Obama's foreign policy is so self-evident and its success so assured that if only the Norway Five had waited a few years, h …
TARF - It's here, it's expensive - IT'S FINANCIAL SUICIDE!!! In a newspaper that I will not name because they refuse to allow posting of complete articles without a subscription, there was an article about TARF - the government's Toxic Asset Rescue Fund.
Obama Dollar Retreats Most Against Commodities in "Wealth Shift"Obama's effort to lead the world economic recovery by spending the U.S. out of its recession is undermining the dollar, triggering record commodities rallies as investors scour the globe for hard assets.
Dollar facing 'power-shift': analystsThe dollar's position as the world's leading reserve currency faces increased pressure as the financial crisis allows emerging economies greater influence on the world stage, analysts said.
What's Happened to the Purchasing Power of the DollarIn 1913 the 16th Amendment to the Constitution abrogating the original words "no capitation, or other direct, tax shall be laid unless in proportion to the census or enumeration herein before directed to be taken" was enacted.
Friday, 9 October, will be one of those landmark days. The ones where we continually ask ourselves: "Where was I when this or that happened?" "What was I doing?" Amazing days that leave many question marks in their wake but very few answers.
Whodunit? Sneak attack on U.S. dollarIt began with a thinly sourced but highly explosive report Monday in a British newspaper: Arab oil sheiks are conspiring with the Russians and Chinese to quit using the dollar to set the value of oil trades — a direct threat to the global supremacy of the greenback.
Lawmakers show worry over U.S. dollar's dwindling worldwide statusLawmakers say there is a real danger of foreign investors losing faith in the dollar as a secure instrument if the nation's debt continues to mount and the Federal Reserve fails to reabsorb trillions in commitments to help the economy and restore lending.
Oil states say no talks on replacing dollarBig oil producing nations denied a British newspaper report on Tuesday that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies in trading oil.
Boys reel in $100,000 on fishing tripIN the ultimate case of the one that got away, two teenage boys have handed police $100,000 they found during a fishing trip on the NSW north coast.
Report: U.N. Panel Calls for End to Dollar's Reserve Role A United Nations panel weighed into the dollar reserve currency debate, arguing for a new system of soft pegs to correct severe deficits in debtor nations like the U.S. and surpluses in countries like China.
A year after financial crisis, a new world order emerges - Yahoo! News"A New World Order." Prapaganda machine starts to desensitze the public to the term. It also phrases the concept so as it is precieved as already having occured. Not here yet though! Many have tried, the G. W. Bush 41 and 43, Clinton, Regan, far back as Wilson, U. S.
Inflation is on Its WayThe noose is tightening. Keep only three months operating expenses in a bank, six months for businesses, and keep $5,000 or more at home in small bills for emergencies with your gold and silver coins. Let this be a lesson to you. They are preparing for currency controls.
Need Cocaine? Check Your WalletNearly all of U.S. bank notes in circulation across the country contain traces of cocaine, according to a new study.
US banknotes show cocaine tracesThe largest study of banknotes has found that 95% of dollar bills in Washington DC bear traces of the illegal drug cocaine.
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