Dollar's 'exorbitant privilege' takes another hit
The US dollar's share of global reserves fell for the sixth straight quarter to the lowest since 2013, according to the latest IMF tally.
The US dollar's share of global reserves fell for the sixth straight quarter to the lowest since 2013, according to the latest IMF tally.
A backlash against the world's reserve currency may be brewing as rivals to America look to weaken the US dollar's hold over the global financial system.
The Reserve Bank of New Zealand held interest rates steady at a record low and said they would likely remain at that level into 2020.
Indonesia and the Philippines are likely to raise interest rates to bolster their weak currencies.
"From office cleaner to billionaire isn't bad, is it?" says 65-year-old entrepreneur Peter Cruddas, knowing what a rare story his is.
Turkey's lira firmed more than 3 per cent on news US and Turkish officials could meet this week over the fate of a US pastor whose trial has...
ECB boss Mario Draghi says he expects underlying inflation to rise in the 19 countries that use the euro as a stronger job market pushes up ...
Federal Reserve chairman Jerome Powell is expected to reaffirm his cautious approach to monetary policy this week, potentially paving the wa...
British Prime Minister Theresa May struck back at the European Union for bluntly dismissing her Brexit plan. The UK's currency plunged.
Norway's central bank raised interest rates for the first time in seven years as policy makers in Scandinavia's richest economy start unwind...
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