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US urges China to strengthen renminbi

Barack Obama has urged China to strengthen its currency as tensions over exchange rates and trade broke through a carefully-orchestrated show of co-operation between Washington and Beijing

Bernanke reassures markets on dollar

In rare public comments on the dollar, Federal Reserve chairman Ben Bernanke said the US central bank was monitoring currency markets ‘closely’ and will conduct policy in a way that will ‘help ensure that the dollar is strong’

Outlook for inflation curbs dollar support

Where’s the beef? That appeared to be the market’s initial response to Ben Bernanke’s statement that the Federal Reserve was monitoring the dollar and would conduct policy in a way that would help ensure it is strong

Dollar relapse pushes gold to new peak

Global Markets Overview: The price of gold hit another record as the dollar resumed its downward trend, helping a number of stock markets to claim fresh highs for 2009

Renminbi sparks strong views

Speculation is mounting about whether and when the Chinese currency will be allowed to strengthen

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Currencies in context

The spotlight has been thrown on the dollar in the past week as it fell to a 14-month low against a basket of currencies and analysts have raised concerns about the potential erosion of America’s reserve currency status. Use our graphic to view the dollar within the framework of the current major trends in the currencies market

Currencies in context

Comment & Analysis

Short View: Dollar carry trade

Aline van Duyn

Leverage is down, but a lack of leverage in markets does not mean there will be a lack of volatility, writes Aline van Duyn

Feeble dollar amplifies emerging market returns

Vast carry trade is raising fears of a sharp reversal for stocks, writes Gregory Meyer

Testing strength

European Central Bank president Jean-Claude Trichet is right to focus on exchange rate volatility, not absolute strength, as the main concern

Down but not out

The dollar: Despite prevailing ‘declinism’, there is no evidence of a rout – though recent lows have highlighted fundamental questions about the US currency’s long-term prospects

The rumours of the dollar’s death are much exaggerated

Martin Wolf

Recent figures have proved that the dollar’s fall is a symptom of success, not of failure. All the same, the dollar-based global monetary system is defective. It would be good to start building alternative arrangements, writes Martin Wolf

How to avoid greenback grief

America’s leaders should commit now and in detail to implement deficit reduction once the economy has strengthened. Vague promises will not work, says Roger Altman

Making the case for a weaker dollar

Imagine a world with a small current account deficit in the US, a somewhat larger deficit in the eurozone and a not too excessive Asian surplus. In the long run, such a world would require significant reform of the monetary system. But in the short term, a fall in the dollar would help, writes Wolfgang Münchau

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