Brazil, Uruguay move away from US dollar in trade

Brazil and Uruguay have switched to settling bilateral trade with local currency to stimulate turnover, bypassing the US dollar. Payments in the Brazilian real and Uruguayan peso started on Monday. The agreement was signed on November 2 by the head of Brazilian...

The US dollar has been gaining ground against major currencies

In early trading, it rose over 110 yen for the first time in six years and was close to a two-year high against the euro at $1.25. Analysts say the dollar rally shows no signs of ending as sharp losses mount for other currencies. “We think the dollar rally has...

Dollar heads for best run in 17 years

  (Reuters) – The U.S. dollar headed for its ninth straight week of gains on Friday, some measure of how the economic fortunes of the United States and its major economic peers are diverging after six years of financial turmoil.   Benchmark 10-year...