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US dollar losing its luster as safe haven investment

In times of uncertainty or crisis, investors typically take refuge in «safe» options like the Swiss franc, gold or the US dollar, but under President Donald Trump the greenback has lost its luster, especially to the euro.

ECB frets over stronger euro as stimulus exit nears

European Central Bank governors expressed concern over the strength of the euro at their last meeting in July, minutes showed on Thursday, complicating their attempts to ease away from stimulus without undermining the recovery.

Strong US dollar could challenge Trump agenda

The strong US dollar, boosted further by the Federal Reserve's decision to raise interest rates, could pose challenges to President-elect Donald Trump's economic agenda.

Fed to raise rates as Trump economy looms

There is little room for doubt that the US Federal Reserve will raise the benchmark interest rate in the coming week for only the second time in a decade.

Chinese yuan fix drops to a six-year low

China's central bank set the yuan's central parity rate weaker than 6.7 to the dollar for the first time in six years Monday, the first day of trading after it joined the IMF's «special drawing rights» reserve currency basket.

SWIFT reports new «sophisticated» bank hacker attack

The global financial system used to move hundreds of billions of dollars a day, on Friday said highly sophisticated hackers had gained access to a bank aiming to hijack fund transfers made via the network.

Truce in «currency war», but will it last?

A truce appears to have emerged in the undeclared global «currency war», but analysts question whether central banks have really given up manipulating exchange rates to prop up their economies.

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