United States dollar

South Korea and Japan shared "serious concerns" on the recent weakness of their currencies against the dollar and agreed to take "appropriate actions" to counter extreme volatility, the finance ministry in Seoul said Wednesday.

The price of gold has shattered through a historic barrier, reaching an unprecedented level of $2,200 per troy ounce, following confirmation by the Federal Reserve of three anticipated interest rate reductions this year.

Gold has surged to unprecedented levels, buoyed by its reputation as a safe haven amidst anticipation of an imminent reduction in US interest rates, as per a report by AFP. Around 1:30 PM GMT, the price of gold soared to USD 2,141.79 per troy ounce, eclipsing its previous high of USD 2,135.39 recorded in early December.

A routine fine payment at the Limassol Court on Tuesday took an unexpected and unconventional turn, leaving court officials and onlookers shaking their heads in disbelief.

The Turkish currency started losing its value against the dollar again today and fell to a record low, local media reported.

The Turkish lira traded today at 27.01 per US dollar.

In recent days, the euro was exchanged for 29.60 TRY.

The United States of America itself is to blame for the fact that many countries began to give up trade in US dollars, Alexei Mozhin, Russia's representative at the International Monetary Fund, told "RIA Novosti".

Iraq's prime minister said yesterday the country's central bank governor had been relieved of his duties as the local currency continues to fall against the dollar.

The cost of living in Cairo has soared so much that security guard Mustafa Gamal had to send his wife and year-old daughter to live with his parents in a village 70 miles south of the Egyptian capital to save money.

The rapid rise of the U.S. dollar since the start of the year is a double-edged sword for American multinational companies, pushing some of them to decide whether to hedge or reposition their activities abroad to avoid fallout.    

For an importer, the surge in the greenback against the euro, yen or British pound is a plus, because it makes the products they buy cheaper.  

The value of gold during yesterday's trading session on the exchange "Comex", a division of the New York Stock Exchange, reached its highest value since June 11, 2021, TASS reported. This is happening against the background of geopolitical tensions and high inflation in the United States.