The Zimbabwe dollar (ZWL) on Tuesday dropped to 63.7442 to the U.S. dollar from 57.3582, as the country’s central bank introduced the foreign exchange auction system for the second week.

The introduction of several forex management measures side-by-side with complementary interventions in food production and manufacturing have drastically reduced food importation

South Africa’s rand raced to its highest in more than eight weeks against the U.S. dollar on Tuesday, as optimism about a global recovery from the COVID-19 pandemic boosted riskier assets, with investors looking past Sino-U.S. trade tensions.

Gold struck a seven-year pinnacle above $1,700 an ounce Tuesday as massive Fed stimulus floods markets with dollars, weakening the greenback and sending investors running to the precious metal, analysts said.

The Central Bank of Nigeria (CBN) has directed bureau de change (BDC) operators in the country not sell the United States (US) dollars higher than N380 to end users.

Dollar bills from China are going into quarantine due to the coronavirus epidemic, as the Federal Reserve is putting extra precautions on money coming into the United States.

The dollar found support on Tuesday while investors awaited the outcome from crucial Sino-U.S. trade talks in Washington, with many staying cautious as neither side has shown signs of giving ground at the negotiations.

The dollar held near a seven-week high against the Japanese yen on Wednesday before the outcome of a Federal Reserve meeting where officials are widely expected to cut interest rates by a quarter of a percentage point.

The dollar stood tall against other major currencies on Tuesday as geopolitical risks encouraged investors to flock to the relative safe-appeal of the greenback before a U.S. central bank policy meeting this week, where a rate cut is widely expected.

When he gave the open directive to the Central Bank of Nigeria (CBN) not to “give a cent to anybody to import food into the country,” President Muhammadu Buhari thereby served notice...

President Donald Trump on Friday denied his trade wars were harming the US economy, instead of blaming the Federal Reserve for allowing a strong dollar to make American exports less competitive.

President Donald Trump said Thursday he is not happy with the strong US dollar, which is hurting American manufacturing, and blamed the Federal Reserve for keeping interested rates too high.