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Tuesday 28 March 2023 Dublin: 8°C

# Dollar

Last year
# Interest Rates
Bank of England will change rates ‘as much as needed’ to control inflation
The pound crashed on Friday and Monday after the British Chancellor’s mini-budget.
# Run for their money
Euro hits new 20-year low, fighting to stay above US dollar
Weak economic data have raised further fears of recession.
# exchange rate
The euro is close to parity with the dollar – what could be the consequences of its fall in value?
The euro fell to its lowest level in 20 years this week.
All time
# travel ban
Foreign tourists are being put off US travel - but is it down to Trump?
The tourism industry felt a jolt after Trump’s first travel ban was put in place.
# a weighty issue
How the world's currencies got their names
The Euro is pretty obvious, but other currency names have more interesting origins.
# crime don't pay
Man receives six-month sentence for armed robbery of one dollar
John Bruce Chafin had held a man at gunpoint and demanded his wallet, which contained just $1.
# low note
The poor euro is getting pummelled again
Things were looking OK there for a while.
# National Minimum Wage
What is the least money you should get for an hour's work?
The Low Pay Commission has began asking for submissions on changing the national minimum wage.
# in decline
The money in your pocket is at its lowest value for ten years
How low can it go?
# quantitative healing
It's not the best time to order stuff from America...
Something big happened today…
# cheap fuel
Oil is cheaper today than it has been for nearly 6 years
The price of a barrel of oil is now below $50 by some benchmarks.
# Not Lovin' It
Weak dollar, strong competition make impact on McDonald's profit
McDonald’s says that while its sales have held up, its overall operating income is beginning to take a hit.
# Currency
Scary Graph of the Day: euro vs dollar
Warring Greek creditors and higher Spanish yields might both play a part in this large drop.
# Spain
Spanish bond yields pass 6 per cent mark
Concerns build that Spain will follow Greece, Portugal and Ireland in needing a bailout.
# Euro
Euro falls to 11-month low against dollar
Investor concerns about the stability of the eurozone have yet to be allayed by EU moves to strengthen the currency’s support system…
# Banks
World banks move to bolster global economy
The ECB, US Federal Reserve and central banks in Japan, Swizterland, Canada and Britain are backing a move to make it easier for banks to access dollars if they need to.
# Markets
Stock markets tread water after dire day of heavy losses
European stock markets had recorded sharp gains when they opened, but have since lost them and are broadly flat.
# Markets
Global stocks dive on poor economic data, recession fears
US, Asian and European markets suffered through another hard day as fears of US economic stagnation and concerns about European banks spooked investors.
# Debt Ceiling
US debt relief is short lived as dollar and stock markets slide
The world’s stock markets are all down, as the joy over the US deal to avert a default quickly peters out.
# Euro
Euro hits six-week low against dollar following Strauss-Kahn arrest
The single currency fell briefly before trading up by mid-morning on the London Stock Exchange.
# Commodities
Gold and silver touch all-time highs as currencies slip
The old reliable precious metals reach record high values, driven by concerns that the US debt could reach its legal limit.
# Federal Reserve
Federal Reserve leaves rates unchanged for 20th month
The rate stays at between 0 and 0.25% – where it’s been since December 2008 – and will stay there for an “extended period”.
# Dollar
The dollar is sick
The dollar weakens as everything else goes up.
# Dollar
US keeps making coins people won't use
Some people just don’t like change.