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The United States dollar is the official currency of the United States of America but also is the world’s dominant reserve currency, and it accounts for roughly 62% of global foreign exchange reserves, double that of the Euro and Yen. In fact, the US Dollar has been the world’s reserve currency for over 100 years.
Weekly currency market update—practical actions for SMBs, expats and travellers across AUD, CAD, GBP, NZD, SGD, USD, EUR and JPY
Higher oil prices and Middle East uncertainty have pushed investors back toward safe-haven currencies, especially the US dollar, while adding pressure to oil-importing and risk-sensitive currencies as the Australian dollar.
The U.S. dollar has strengthened as investors move into safer assets, while higher oil prices and rising economic risks weigh on Asian currencies such as the Indian rupee and South Korean won.
Markets are rapidly repricing Australian interest rates higher while the US moves toward cuts — a mix that has historically been powerful for the Aussie dollar.
U.S.-based and choosing between Wise and Revolut? Here’s a clear, current comparison of fees, exchange rates, card/ATM rules, and travel perks—plus who each suits best.
Central banks are moving in different directions—Australia cuts, UK eases despite inflation, and the Fed faces political risks. Here’s what it means for exchange rates and transfer timing.
President Trump has raised U.S. tariffs to an average of 15.2%, targeting Canada, Asia, and Europe, as part of his push to reshape global trade. Markets and currencies reacted with caution amid rising uncertainty.
USD/MXN slipped below 19.00 as Mexico received a 90‑day reprieve from planned U.S. tariffs. The peso gained short‑term support, but traders now watch Fed policy and U.S. jobs data for the next market move.
Global FX markets shifted in July as the USD gained on trade deals, the British pound climbed, and the Indian rupee weakened on tariff fears. Here’s what’s driving currencies now.
The Swedish Krona's recent appreciation has led to a decline in public support for adopting the Euro, with only 32% favoring the change in 2025.
The euro's unexpected rise against the U.S. dollar presents the European Central Bank with a complex dilemma, as global trade tensions and policy shifts influence currency dynamics.
The US dollar surged following a 90-day tariff pause between the US and China, while the euro and yen weakened in response.
The Australian dollar has experienced notable fluctuations in 2025, influenced by global trade tensions and domestic political developments, including the Labor Party's decisive election win. However, trade tariffs imposed by the United States, have introduced volatility, prompting market analysts to adjust their forecasts for the currency's trajectory.
The Canadian dollar has defied political chaos and global headwinds to emerge as one of 2025’s unlikely winners. But with minority rule in Ottawa, soaring household debt, and a high-stakes U.S. election looming, the loonie’s fight for survival is just beginning.
Milei publicly criticizes economists as econo-swindlers and alarmists as Argentina's peso has defied expectations by maintaining stability following recent economic reforms, easing inflation concerns and bolstering investor confidence.
Deutsche Bank forecasts a significant weakening of the US dollar in the coming years, potentially reaching its lowest level against the euro in over a decade.
The US dollar has fallen to a three-year low, influenced by Trump policy back flips plus concerns over the Federal Reserve's independence. Analysts suggest a long-overdue correction due to overvaluation and trade tensions.
The Swiss franc has experienced a significant surge, reaching a decade-high against the U.S. dollar, following President Donald Trump's announcement of increased tariffs on Chinese imports. This development has intensified market volatility and heightened demand for safe-haven assets.
The Chinese yuan has weakened following the United States' decision to impose a 125% tariff on Chinese imports, prompting the People's Bank of China to intervene to stabilize the currency.
The Mexican peso's outlook for 2025 is clouded by potential U.S. tariffs and economic policies, with forecasts indicating possible depreciation against the U.S. dollar.
Discover how movements in the U.S. dollar affect everyday Americans — from the cost of imports and vacations to global competitiveness for exporters and manufacturers.
Recent U.S. trade policies, including aggressive tariffs on auto imports, have introduced significant volatility in global currency markets, affecting major currencies such as the euro, British pound, and Japanese yen.
The Indonesian rupiah approaches a historic low against the U.S. dollar, influenced by fiscal worries and government spending plans.
Markets have shifted focus to the interest rate policies of other major central banks rather than the Federal Reserve.
Economists are predicting that the Canadian dollar could rise this year.
The Singapore dollar has reached its highest level in over a decade, boosting outbound travel and curbing inflation, but also putting pressure on exporters and local businesses. While sectors like logistics and finance benefit, retail, hospitality, and exports face challenges from the strong currency.
The dollar has risen by nearly 20% against most currencies compared to this time last year.
Stronger AUD, USD, and GBP Against the Euro due to surprise French elections.
USD sinks as global currency markets react to slowing US inflation, prompting a surge in other major currencies and a potential end to the Federal Reserve's tightening cycle.
Central Bank Chief's Removal Sets Stage for Currency Liberalization
The US dollar weakened due to fears surrounding regional banks, while the ECB offered a less hawkish than expected 25bp hike and the Swiss franc is in demand.
As we approach mid-year a shift has taken place in currency markets with the narrative less about interest rates hikes and more risk-off worries about a possible coming recession.
During periods of rising inflation a stronger currency benefits a country's economics as this makes imports cheaper.
Recognising the impact of Covid-19 on its financial status, Hong Kong has reverted back to more lenient travel restrictions to improve life for both residents and travelers.
Global travel starts to revive so Thailand moves to revive its Economy after the pandemic.
'Fortress New Zealand' opening after two long pandemic years - Aussies welcomed back first on April 12th and other nationalities on 1st of May.
The operator of the world’s largest financial messaging system, SWIFT, has said it will trial real-time "gpi" cross-border payments using the European Central Bank's TIPS platform. SWIFT gpi has been developed as an answer to distributed ledger payment technologies, most notably Ripple.
The Democratic Republic of Timor-Leste, also known as East Timor, gained independence from Indonesia on 20 May 2002, making it the first new sovereign state of the 21st century. Despite its rich natural beauty and unique cultural heritage, includi...
Ecuador is a country located in South America, bordered by Colombia to the north, Peru to the east and south, and the Pacific Ocean to the west. It is known for its diverse culture and natural beauty. The country's official language is Spanish and...
El Salvador suffers horribly from bad press. While gang violence still dominates international headlines – and keeps so many adventurous travelers at bay – the vast majority of this beautiful country remains untouched by 'the troubles.'
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The Turks and Caicos are a chain of 40 islands that include Providenciales (the most populated island) as well as Grand Turk, Middle Caicos, South Caicos, and more. There are two airports—on Providenciales and Grand Turk—but most travelers fly...
By staying informed and planning ahead, you can effectively manage your finances while enjoying your visit to the United States.
More than 60 islands –some of them uninhabited and declared national parks– make up this Caribbean archipelago, a paradise of lush rainforests, white-sand beaches and bright turquoise waters. Most visitors travel to the British Virgin Islands ...
This trio of islands in the Caribbean Sea—St. John, St. Croix, and St. Thomas—is famous for its dreamy beaches, world-class snorkeling and diving, and pristine beaches. Travelers can find accommodations for all types of trips, whether it's a f...
Currently, NZD/USD is trading close to its 3-month average near 0.5906, supported by risk-off sentiment and global safe-haven flows. The pair remains within its recent range, but economic uncertainties and...
Currently, CAD/USD is trading close to 0.7365, near 60-day highs and just above its 3-month average of 0.7294. The pair remains within a narrow range, supported by risk-off sentiment and USD strength driven by...
Currently, GBP/USD is trading near 60-day highs around 1.3604, above the 3-month average of 1.3457. The pair is supported by the rate differential, with the US Federal Reserve maintaining a hawkish stance.
EUR/USD is trading close to 7-day highs near 1.1732, trading just above its 3-month average. The pair is consolidating within its recent range and is supported by a risk-off environment driven by geopolitical...
Currently, AUD/USD is trading near 90-day highs at about 0.7201, holding above its 3-month average. The pair is supported by risk-off conditions and geopolitical tensions, which favor the US dollar.
Currently, USD/SEK is trading close to the high end of its three-month range, supported by safe-haven flows amid risk-off sentiment. The pair is finding support around its recent highs, but the trend points to a potential easing.
Currently, USD/NOK is trading near 90-day lows around 9.2630, supported by risk-off sentiment. Over the next few sessions, the pair may remain pressured by safe-haven flows, keeping the US dollar under some bias for weakness.
Currently, USD/MXN is trading close to the 90-day average and near recent highs, supported by risk-off sentiment and geopolitical tensions. The pair remains consolidating within its recent range, with no clear breakout signals.
USD/SGD is trading near 7-day lows close to 1.2732, holding near the 90-day average within a very stable range. Risk-off conditions supported by geopolitical tensions and safe-haven flows are exerting pressure on the pair.
Currently, USD/JPY is trading close to 157, just below its 3-month average within a stable range. The dominant driver from structured analysis remains risk sentiment, supported by safe-haven flows amid geopolitical tensions.
Currently, USD/GBP is trading near 0.7351, just below its 3-month average of 0.7432, and holding near 60-day lows. The dominant driver remains the rate differential, with the Fed's hawkish signals supporting a...
USD/EUR is trading close to 0.8524, near its 7-day lows and just below its 3-month average. The pair is consolidating within its recent range, pressured by risk-off conditions driven by Middle East geopolitical tensions.
Currently, USD/CHF is trading near its 7-day lows of 0.7815 and close to its 3-month average. The dominant driver remains risk sentiment, supported by Swiss franc’s safe-haven status amid global uncertainties.
Currently, USD/CAD is holding near its recent range as the current drivers are not aligned clearly enough for a stronger directional call. Over the next few sessions, this balance may persist unless a clearer...
USD/AUD is trading close to 90-day lows at 1.3886, supported by risk-off sentiment and safe-haven flows. The pair remains within its recent range, with downward pressure influenced by heightened geopolitical...
Currently, ZAR/USD is trading close to the 90-day average and within its recent range. The pair remains supported by risk-off sentiment and a focus on safe-haven assets like the USD.
Currently, USD/ZAR is trading close to recent highs, holding near the 3-month average despite volatility. The pair’s recent position indicates limited upward room and a potential for further pressure if...
Currently, USD/XPF is trading close to its 3-month average at 101.8, holding near the mid-range within a stable 5.4% range. The dominant driver is risk sentiment, which remains risk-off and supports safe-haven currencies.
Currently, USD/XOF is trading near the 3-month average at around 559.6, within its recent range. The pair’s movements are supported by cautious risk sentiment and regional geopolitical tensions.
Currently, USD/XAF is trading near its 3-month average at 559.6, within a stable range supported by the rate differential. Over the next few sessions, the pair may remain supported by the neutral policy stance...
USD/WST is trading close to 60-day highs, supported by the rate differential favoring the US dollar. The pair is holding near its recent upper range, influenced by the FOMC's policy stance.
USD/VND is holding near recent lows around 26319, supported by risk-off sentiment and the current risk environment. Over the next few sessions, the pair may face pressure if risk sentiment improves or if the...
Currently, USD/UAH is trading near 44.06, holding close to recent highs within its 3-month range. The pair is supported by risk-off sentiment and heightened global risk aversion.
USD/TWD is trading close to the 90-day average and near recent highs, supported by stable risk sentiment and no recent policy shifts. Currently, the pair is consolidating within its recent range and holding near resistance levels.
Currently, USD/TRY is trading close to 45.00, near recent highs and above its 90-day average of 44.13. Stable within a narrow range, the pair is supported by risk-off sentiment driven by geopolitical tensions and safe-haven flows.
USD/THB is trading close to the 90-day average and near recent highs, supported by risk-off sentiment and global risk aversion. Holding near these levels, the pair may remain sensitive to shifts in market mood.
Currently, USD/SBD is trading close to its 90-day average at recent highs near 8.0486, within a narrow range. The dominant driver being risk sentiment suggests the pair is supported by increased risk-off flows.
Currently, USD/SAR is trading close to its 3-month average, holding near recent lows around 3.7504. The pair remains supported by a stable US dollar and oil price stability.
Currently, USD/QAR is trading close to the 3.6455 level, holding near its 3-month average within a stable range. Risk sentiment dominates, supported by regional geopolitical tensions and safe-haven flows.
USD/PLN is trading close to the recent high, holding near its 90-day average within a stable range. The dominant driver remains the rate differential, supported by Polish rate cuts and the US Federal Reserve's hawkish stance.
Currently, USD/PKR is holding near the 90-day average around 279.0, trading within its recent narrow range. The pair's range-bound behaviour reflects a balanced rate differential with little recent volatility.
USD/PHP is trading close to 14-day highs near 60.70, supported by global risk-off sentiment and geopolitical tension. It remains within its recent range but is above the 3-month average.
Currently, USD/OMR is trading close to recent lows around 0.3845, holding near its 90-day average within a narrow range. Risk-off sentiment, driven by geopolitical tensions in the Middle East, supports USD strength.
Currently, USD/NZD is trading close to its recent highs and trading above its 90-day average, supported by rising US rate hike expectations and heightened geopolitical tensions.
Currently, USD/NGN is trading close to 7-day highs near 1357, holding near its 3-month average of 1369. The pair is consolidating within its recent range, supported by CBN FX interventions and macroeconomic reforms.
Currently, USD/MYR is trading close to 7-day highs near 3.9650, supported by safe-haven flows amid geopolitical tensions. The pair remains within a recent 4.2% range and trading near the 90-day average.
Currently, USD/LKR is trading near the recent high around 317.2, about 1.7% above its 90-day average. The pair remains supported by risk-off sentiment and is consolidating within its recent range.
Currently, USD/KRW is trading close to the 3-month average at 1477, holding near recent highs within its range. The pair is supported by the rate gap, with US policy remaining hawkish, but risks and global...
Currently, USD/INR is trading close to 94.10, above its 3-month average of 92.24. The pair is supported by risk-off sentiment and safe-haven flows, which keep the US Dollar buoyant.
Currently, USD/ILS is trading close to 2.9861, holding near the recent lows within its 3-month range. Supported by risk-off sentiment driven by Middle East geopolitical tensions, the pair may face pressure if...
Currently, USD/IDR is trading close to the upper end of its recent range, supported by safe-haven flows amid geopolitical tensions. The pair is holding near recent highs, influenced by risk-off conditions.
Currently, USD/HUF is trading close to 311.5, holding near the 90-day average but still within recent range lows. Risk sentiment remains a dominant factor, supporting a downward bias.
Currently, USD/HKD is trading near its 14-day highs close to 7.8391, holding near the 3-month average. The dominant driver is the rate differential, supported by the HKD policy aligned with the US Federal Reserve.
USD/FJD is trading close to recent 14-day highs near 2.2215, slightly above its 3-month average. The pair is consolidating within its recent range, supported by the hawkish stance of the FOMC.
USD/EGP is currently trading near the upper end of its recent range, supported by risk-off sentiment and safe-haven flows. Over the next few sessions, the pair may remain supported if global risk remains...
Currently, USD/DKK is trading close to its 3-month average around 6.3751, within a stable range. The dominant driver, the rate differential, remains balanced, supporting a sideways-positive bias.
USD/CZK is trading close to its 3-month average at 20.78, holding near recent highs within a stable range. The dominant driver remains the rate differential, as the US Federal Reserve's policy support keeps US...
USD/CNY is trading close to 14-day highs near 6.8363, holding just below its 3-month average of 6.8885. The pair remains supported by a policy outlook that favors the yuan’s appreciation prospects.
USD/CLP is trading near its recent highs, holding at about 0.6% above the 3-month average. The pair has been volatile within a 9.1% range.
Currently, USD/BND is trading close to its 90-day average, holding near recent highs within a narrow range. The pair's sideways pattern is supported by the rate differential, with the US Dollar remaining...
Currently, USD/BRL is trading close to the recent lows within its 7.3% range, supported by cautious risk sentiment. The pair remains near its 90-day average, and geopolitical tensions continue to influence safe-haven flows.
USD/BHD is currently holding near its 3-month average, trading within a narrow range supported by stable oil prices. With risk sentiment remaining neutral, the pair may remain supported nearby, but near-term...
Currently, USD/AED is trading close to its 3-month average of 3.6728 within a narrow range. The pair remains supported by risk-off conditions and geopolitical tensions in the Middle East.
Currently, TRY/USD is trading close to 90-day lows near 0.022215, more than 2% below its 3-month average. The pair remains supported by risk-off sentiment dominating market flows.
Currently, SGD/USD is trading near its 3-month average and within a stable range, supported by the rate differential. With the pair trading close to recent highs, near-term conditions suggest a slight bias...
Currently, SEK/USD is holding near its recent range as the current drivers are not aligned clearly enough for a stronger directional call. Over the next few sessions, this balance may persist unless a clearer...
Currently, QAR/USD is trading close to its 3-month average, supported by safe-haven flows and risk-off sentiment. The pair is consolidating within its recent range, with a slight downward bias from recent highs.
Currently, PLN/USD is trading near its 3-month average within a stable range, with risk sentiment supporting a weaker Polish Zloty. Over the next few sessions, the pair may face pressure if risk aversion...
Currently, PKR/USD trades near recent highs, supported by risk-off sentiment from geopolitical tensions. Over the next few sessions, the pair may face pressure if risk aversion eases, but near-term conditions...
Currently, PHP/USD is trading near 14-day lows, supported by global risk-off conditions and US dollar strength. Over the next few sessions, the pair may remain sensitive to safe-haven flows and global...
Currently, NOK/USD is trading near its recent highs, supported by risk-off sentiment and safe-haven flows. The pair is holding around the 0.1073 level, which is close to its 90-day average.
Currently, MYR/USD is trading close to 7-day lows near 0.2522, just below its 3-month average. Risk-off sentiment supported by geopolitical tensions and energy prices is pressuring the pair.
Currently, MXN/USD is trading close to its 3-month average within a stable range, supported by a neutral risk environment and steady policies. Over the next few sessions, the pair may remain supported by these...
Currently, KRW/USD is trading close to the 3-month average, holding near recent lows within a narrow range. The dominant driver, risk sentiment, remains cautious and supports the pair's sideways-negative bias.
Currently, JPY/USD is trading close to the 90-day average but remains near the recent 3-month range lows. The pair is supported by risk-off sentiment and safe-haven flows amid geopolitical tensions.
Currently, INR/USD is trading close to its 7-day lows near 0.010627, a little below the 3-month average. The pair remains supported by risk-off conditions and safe-haven flows into USD, driven by geopolitical...
Currently, HUF/USD is trading near recent highs within its 3-month range, supported by risk-off sentiment and safe-haven flows. Over the next few sessions, the pair may face downward pressure if risk aversion...
Currently, DKK/USD is trading close to the upper end of its recent range, supported by risk-off conditions and a hawkish US policy outlook. The pair remains near recent highs, but the dominant driver of risk...
Currently, CHF/USD is trading close to the 90-day average near 1.2740, holding near the highs of its recent 5% range. The pair is supported by risk-off sentiment, with the Swiss franc acting as a safe-haven...
Currently, BRL/USD is trading close to range highs, supported by risk-off sentiment and geopolitical tensions. Over the next few sessions, conditions may remain supported by safe-haven flows, but the pair...