currency

As the U.S. Dollar Index tumbles nearly 8.5% in 2025, it’s on track for the worst performance in over 30 years. This could have “profound implications” across asset classes and global markets, says analyst. What Happened: The X post shared by Otavio Costa, the macro strategist at...

The Oracle of Omaha, Warren Buffett, during the 2025 Berkshire Hathaway Annual Meeting, expressed his disappointment over the depreciating U.S. dollar and said that no one would want to hold assets in a currency that was falling in value. What Happened: Talking about the U.S. dollar, Buffett said...

Treasury Secretary Scott Bessent has said that China couldn’t sell U.S. Treasuries to destabilize the financial markets, as it would affect their economy by weakening their currency. What Happened: Bessent, while speaking to Yahoo Finance, reiterated that there was no purpose for China to...

Billionaire investor and the founder of Bridgewater Associates, Ray Dalio, has issued a warning about the economic ripples of escalating tariffs. In a recent analysis, Dalio dissects the “tariff machine,” revealing its impact on global markets and highlighting the potential for “...

As the U.S. dollar witnessed its largest two-day decline in over two years, an economist argues the importance of devaluation for global growth while another expert explains the weakness to as a symptom and not a cause. What Happened: The macro strategist at Crescat Capital, Otavio Costa...

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 Federal Reserve addressed a common question about damaged or mutilated currency in a tweet on Wednesday. The tweet advised consumers not to send damaged currency directly to the U.S. central bank. What Happened: The post included a link to a detailed FAQ on the Federal Reserve’s website....

China and Saudi Arabia have agreed on a currency swap deal worth approximately $7 billion. This agreement signifies another move in the worldwide trend of de-dollarization, as nations shift from the US dollar. The three-year deal allows for a maximum of 50 billion yuan or 26 billion riyals,...

Valve Corporation is discontinuing the practice of region-changing tactics for Steam gamers who seek lower prices on game keys. These game keys are single-use, unique, alphanumeric codes customers activate on Steam to add a product license to their account. The company will no longer support...

The Russian rouble plummets to a 16-month low against the dollar due to increased Russian military spending and dwindling export revenues, Financial Times reports. Russia's currency has seen a decline of approximately 25% this year, trading below 99 roubles to a dollar on Friday, influenced by the...

Although the greenback should maintain its long-term dominance in the foreseeable future, the global economy is seeing signs of de-dollarization, strategists at JPMorgan said according to a report. Meera Chandan and Octavia Popescu, strategists at JPMorgan, said while overall dollar usage is within...

Zimbabwe's government is considering the adoption of a cryptocurrency such as Bitcoin (CRYPTO: BTC) as an alternative means of payment in the country. What Happened: Zimbabwe authorities are looking into Bitcoin as a legal payment option, according to a Sunday report by...

Most Salvadorans oppose the government's decision to make Bitcoin (CRYPTO: BTC) a legal tender in the country alongside the United States dollar. What Happened: According to a Reuters report, a poll by the local university Central American University showed that at least 67....

Chinese e-commerce giant and Alibaba Group Holding Ltd (NYSE: BABA) competitor JD.com, Inc. (NASDAQ: JD) will become China's first platform to begin accepting a digital version of the country's currency, according to Reuters. What Happened: Reuters reported that the company will accept...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1861, the U.S. Government issued the first U.S. dollar bills. Where The Market Was: The U.S. dollar predates the Dow Jones Industrial Average and the S&P...