US Dollar News

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G-7 Countries Announce Joint Currency Intervention

WASHINGTON -- Finance officials from the Group of Seven major industrialized countries on Thursday agreed on a coordinated effort to weaken the Japanese yen, which has surged to record levels following last week's earthquake and tsunami. A super-strong yen could cripple Japanese exports, further worsen the economic impact...

What's at Stake in US-China Summit? Pretty Much Everything

Presidents Barack Obama and Hu Jintao have a lot to talk about. The Chinese leader arrives in the United States for a state visit at a time when Washington and Beijing are partners, adversaries or both on nearly every substantial international issue -- from Iranian and North Korean nuclear ambitions to disputes over...

French Offensive Against the Dollar Falls Flat

French President Nicolas Sarkozy is on a mission to save the international economy through his nation's presidency this year of the Group of 20 major economic powers. And one of his principal goals has been to tackle perceived financial imbalances by reducing the prominence of the U.S. dollar in global finance. But if...

Russia-China Deal Aims -- Sort of -- to Ditch Dollars

Alexei Druzhinin, Pool / RIA Novosti / AP

(Nov. 24) -- Russia and China plan to start conducting their mutual trade in rubles and yuan in a bid to remove the globally predominant U.S. dollar from the equation, but the move seemed more symbolic than financially significant. Russian Prime Minister Vladimir Putin announced the decision Tuesday after meeting with...

Hard Economic Times Mean Every Country for Itself

(Nov. 20) -- When the going gets tough, global economic rivalries get tougher. That eternal truth was especially evident this week in Frankfurt, Germany, where the European Central Bank gathered the world's senior finance officials to discuss lessons from the 2008-2009 financial crisis -- and where Ben Bernanke, chairman...

US Dollar News From AOL

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Background on US Dollar

The United States dollar (sign: $; code: USD; also abbreviated US$), also referred to as the American dollar, is the official currency of the United States of America and its overseas territories.

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