We must get ready for a weak-dollar world
Should governments manage the transition to a new era, or let the market do it, with the risk of massive financial disturbances. Soon they may not have a choice, writes Jeffrey Garten
Dollar under pressure
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The sharp fall in the US dollar is giving ammunition to the critics of the Obama administration and fuelling broader concerns about the erosion of America’s reserve currency status
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Vietnam shares fall on devaluation move
Hanoi has devalued its currency by 5.4 per cent against the dollar and raised interest rates by a full percentage point in an effort to cut inflation and end weeks of damaging uncertainty which has seen ever increasing pressure on the currency
Short View: Dollar decline
Currency traders are asking a question: if the US Federal Reserve is not concerned about the dollar’s current levels, why should they be?, writes Jennifer Hughes
Russian talk weighs on greenback
US dollar index sank after Russia’s central bank said it was prepared to invest some of its foreign exchange reserves in the Canadian dollar
Dollar lurches to 15-month low
Global Markets Overview: Gold leapt to another high as the dollar tumbled below significant support levels to hit 15-month lows
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
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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
Comment & Analysis
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
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
Short View: Dollar carry trade
Leverage is down, but a lack of leverage in markets does not mean there will be a lack of volatility, writes Aline van Duyn
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
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
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