US dollar

Bank of America expects the U.S. dollar to weaken in 2026 and is recommending investment strategies tied to Latin American currencies, particularly the Brazilian real.

One week after claiming the US dollar could only slide under a "dummy," President Donald Trump is touting the benefits to the dollar weakening on his watch.

The coalition comprises countries viewed as major non-Western global powers, some of which are key U.S. trade partners.

The release of the Fed minutes on Wednesday and Chair Jerome Powell's speech on Friday are expected to be key in influencing markets throughout the week.

Figures last Friday showing US consumer confidence picking up and inflation expectations coming down provided traders enough confidence to propel hopes for at least one interest rate cut before January.

The status of the US dollar as the world's reserve currency is likely to continue, despite threats posed by China's rise and the growth of cryptocurrencies, a US Federal Reserve official said Thursday.

The dollar remained under pressure agains most other units, having dropped against its major peers, though the yen's rally was tempered by news that Japan's economy shrank more than forecast in the third quarter.

Asian traders picked up the baton from their Wall Street counterparts, who welcomed what was seen as a dovish stance by the central bank and its governor, while data suggesting its tightening measures were taking hold provided extra support.

After the announcement of a new tourist exchange rate by the Argentinian government, a report on Wednesday shows that the new exchange rate has yet to be adopted by banking companies worldwide.

According to Barclays analysts, the Mexican peso should continue to appreciate until 2023.