Foreign Exchange News Results

  • Behind the Vast Market Rally: A Tumbling Dollar

    The dollar has made a sharp U-turn this summer following a long rally, confounding many traders but potentially adding fuel to this year's surprising stock-market rebound. The ICE Dollar Index, which measures the dollar against a basket of other major currencies, in July notched its worst month in nearly a decade and recently hit a two-year low. The fall extended a reversal that began in late March, spurred lately by ballooning worries that mounting coronavirus cases will stall...

  • Correction to Gold Hits Record High Article on July 24

    President Nixon in 1971 ended a quasi gold standard involving a fixed gold-dollar conversion price, letting the dollar float freely against other currencies. "Gold Climbs to All-Time High, Topping 2011 Record-- Update" at 2:00 p.m. ET on July 24, incorrectly said Mr. Nixon simply ended the gold standard that year.

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