Dollar

Trump names former governor Kevin Warsh as Powell's successor for US Federal Reserve head

Warsh is one of the more hawkish picks among the perceived candidates, market participants said of the choice, for which they have been gaming out scenarios for months.

|ByREUTERS
KEVIN WARSH, Fellow in Economics at the Hoover Institution and lecturer at the Stanford Graduate School of Business, speaks during the Sohn Investment Conference in New York City, US, May 8, 2017.
Iranian Rial banknotes over a backdrop of the Iranian flag; illustration.

Iranian rial reaches record low value, trading at over 1.5m IRR per USD

The Iranian rial fell to a record low of about 1.52 million per dollar on the unofficial market, deepening economic turmoil as nationwide protests continue and confidence in the regime weakens.

|ByJAMES GENN
A person holds a Venezuelan flag as Venezuelans living in Costa Rica demonstrate for a democratic transition, after the US launched strikes on Venezuela, capturing its President Nicolas Maduro and his wife Cilia Flores, in San Jose, Costa Rica January 4, 2026

Venezuelan oil exports show signs of movement as bonds jump after Maduro arrest

Sanctioned oil tankers have quietly left Venezuela despite a us embargo, as markets rally on hopes of a post-Maduro transition.

|ByREUTERS
US and Israeli currency (1 dollar bills and 1 shekel coins respectively) are seen in this illustrative photo of money.

US dollar slides after Fed cuts rates, as expected

The US dollar fell against other major currencies after the Federal Reserve lowered interest rates. The Fed will likely pause its easing cycle in January.

|ByREUTERS

Analysis: The Petrodollar system holds a stable Middle East

The new US administration has shown its support for Saudi Arabia with this year’s weapons deal is a last ditch attempt to keep the Petrodollar alive.

SEPTEMBER 7, 2017ByBOB MASON/FXEMPIRE
The Dollar and Yuan compete for influence.