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Aussie dollar dives to two-month low amid interest rate fears

Australian dollar dives to two-month low as interest rate fears grip markets Mon 8 Jun 2026 at 4:28pm In short: The Australian dollar fell to its lowest level in over two months, just over 70 cents to the US dollar. The weakness stems from a renewed surge in the US dollar as global interest rates, including US interest rates, rise.

ABC Australia 2d ago

Plans for a new Dollar Tree divides ritzy Michigan suburb

Plans for a new Dollar Tree divides ritzy Michigan suburb Concerned residents have launched a Change.org petition with more than 500 signatures opposing the Dollar Tree - Bookmark - CommentsGo to comments The planned introduction of a Dollar Tree in a wealthy Michigan city has divided the residents, according to a new report. A Dollar Tree store will be built in Birmingham, an affluent city north of Detroit, but some residents fear the store will invite criminal activity and will reflect...

The Independent World 5d ago

South Korea has cleared SpaceX-IPO-linked dollar demand of around $1.5 billion, source says

South Korea has cleared SpaceX-IPO-linked dollar demand of around $1.5 billion, source says SEOUL, June 10 : The massive demand for foreign exchange conversions tied to SpaceX's IPO, which has weighed heavily on the South Korean won in recent weeks, has been cleared, a source familiar with the matter told Reuters on Wednesday. The estimated $1.5 billion in orders for dollar purchases has reached its final stage, said the source who has information on dollar-won onshore market transactions....

Channel News Asia 13h ago

Yen hits key 160 level for third session, dollar buoyed by Gulf woes

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Channel News Asia 5d ago

Dollar steady as traders await progress on Middle East peace talks

Dollar steady as traders await progress on Middle East peace talks TOKYO, June 2 : The U.S. dollar steadied on Tuesday as markets took a wait-and-see approach to Middle East peace talks, with Lebanon announcing a limited ceasefire between Hezbollah and Israel, although broader geopolitical uncertainties kept traders on edge. Investors have treated any progress toward ending the Iran conflict with caution, given the fragility of a U.S.–Iran ceasefire struck in early April. The dollar index,...

Channel News Asia 8d ago

Dollar steadies as markets await signals on Iran war, central banks

Dollar steadies as markets await signals on Iran war, central banks TOKYO, June 1 : The U.S. dollar held steady on Monday after a weekly loss as markets awaited the results of peace talks in the Middle East and signals on the timing of central bank rate hikes. The dollar index edged lower last week on hopes for a deal between the United States and Iran to open the Strait of Hormuz shipping lane for oil. Oil jumped in early trade after Israel ordered troops to move further into Lebanon in the...

Channel News Asia 9d ago

Dollar eases as investors weigh Middle East hopes, rate outlook

Dollar eases as investors weigh Middle East hopes, rate outlook June 9 : The U.S. dollar edged lower on Tuesday, as investors weighed hopes for a deal to reopen the Strait of Hormuz against expectations of higher U.S. interest rates following strong jobs data late last week. The U.S. economy is relatively insulated from energy shocks compared to other countries, which is one of the reasons why investors flocked to the safe-haven dollar during the conflict, while selling the euro and the...

Channel News Asia 1d ago

Rupee rebounds 20 paise to 95.41 against US dollar

Rupee began Tuesday on a stronger note, rising 20 paise against the US dollar in early trade, supported by a easing oil prices and the US dollar index, after the pause in hostilities between the United States and Iran. According to forex traders, the domestic currency opened on a stronger footing after Israel and Iran agreed to de-escalate tensions and ease strikes. At the interbank foreign exchange market, the rupee opened at 95.47 against the US dollar and later touched 95.41, marking a...

Times of India 1d ago

Exclusive-Dollar demand estimated at $1.5 billion cleared in South Korea -source

Exclusive-Dollar demand estimated at $1.5 billion cleared in South Korea -source SEOUL, June 10 : The massive demand for foreign exchange conversions tied to SpaceX's IPO, which has weighed heavily on the South Korean won in recent weeks, has been cleared, a source familiar with the matter told Reuters on Wednesday. The estimated $1.5 billion in orders for dollar purchases has reached its final stage, said the source who has information on dollar-won onshore market transactions.

Channel News Asia 13h ago

Rising stablecoin use could cement dollar dominance, ECB's Schnabel says

Rising stablecoin use could cement dollar dominance, ECB's Schnabel says FRANKFURT, June 1 : The increased use of stablecoins could reinforce the dollar's global dominance, undermine some nations' ability to set monetary policy and even diminish the role of the euro, European Central Bank board member Isabel Schnabel said on Monday. The use of stablecoins, a type of cryptocurrency pegged to certain assets and designed to maintain a stable value, is still relatively low but has increased...

Channel News Asia 9d ago