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Currencies

This Month

The escalating conflict between Iran and Israel has sparked a rally in the US dollar.

US dollar back as a safe haven? Not so fast

The greenback’s sudden resurgence may be more about oil prices and shifting global money than investors seeking safety from the escalating Middle East conflict.

The AUKUS review is part of a bigger story about the way America interacts with the world.

Your super fund isn’t ready for the world’s biggest trade

The AUKUS review is more evidence Donald Trump is trying to rewire global trade and security. Big investors must rethink their US dollar exposure.

Zuercher, who is also co-head of global investment management for Asia-Pacific, pictured in Sydney this week.

Why this $6.5 trillion investor is betting big on the $A

UBS believes the Australia dollar is one of the best ways to play the decline of US exceptionalism and the loss of faith in the world’s reserve currency.

The Aussie has strengthened amid Donald Trump’s trade war.

US dollar slide threatens super fund returns

The rising Aussie against the greenback is forcing Australia’s biggest investors to increase protection of overseas assets.

Bitcoin was trading just above $US105,000 on Monday morning.

Investors bet on bitcoin over gold in Trump’s trade war

A massive $87.3 million flowed into Australia bitcoin ETFs last month, almost 60 times what was spent on gold-backed funds.

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The US dollar’s decline is just a mirage.

Why the end of the US dollar’s reign is just a mirage

Investors are navigating a subtle but meaningful pivot: the US dollar remains king, but the court is no longer as unified or deferential as before.

May

“The jitters with respect to the US budget suggest that the market is continuing to rethink the US exceptionalism trade,” said Jane Foley, a strategist in London for Rabobank.

US dollar extends 2025 losses on Trump’s latest tariff threats

The Bloomberg spot dollar index is approaching its lowest level since December 2023 as the US president revived concerns about global trade policy.

Bitcoin has surged nearly 20 per cent this year.

Bitcoin hits record $US111,000 amid ‘stupendous’ buying

Crypto exchanges are reporting huge volumes as investors start to see the original cryptocurrency as an alternative to gold amid growing concerns about America.

Cryptocurrencies such as bitcoin have attracted even more interest since the re-election of Donald Trump.

Investors ramp up crypto spree as bitcoin nears record high

Australians have been consistent buyers of bitcoin ETFs throughout this year in a move that is gaining momentum as traders eye $US200,000.

The President at Mar-a-Lago earlier this year.

Why the end of an era for the US dollar means a portfolio rethink

The Mar-a-Lago Accord may be more than just a cheeky moniker; it could represent the next chapter in currency regime change.

April

Investors piled into crypto after Donald Trump’s decisive election victory.

Bitcoin emerges from bear market as traders eye $US125,000

The cryptocurrency is starting to trade more like gold rather than riskier assets such as stocks, enhancing its appeal in times of financial stress, analysts say.

Powell draws applause on independence at closed-door IMF meeting

The Fed chair told the meeting central banks must be shielded from politics to do their jobs.

March

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Bitcoin relief rally at risk of ‘bull trap’ as uncertainty weighs

The world’s largest cryptocurrency climbed to a two-week high on Monday, but a lack of momentum and low volumes has some pundits concerned.

February

Bitcoin’s latest slump has again raised question marks.

Investors take profits on two of last year’s hottest trades

The heavy sell-down in bitcoin has dragged the cryptocurrency into a bear market, and gold tumbled after hitting a record. Here’s why.

Argentina’s Javier Milei is on the political defensive after plunging his government into a massive cryptocurrency scandal.

‘Meme coin mania is dead’: the rise and fall of the crypto fad

One month on from the launch of Donald Trump’s failed token, meme coin traders are facing a fresh scandal that could kill the hysteria once and for all.

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The Australian dollar could go on a tear if the RBA holds fire.

$A set to soar if RBA holds fire on rates

The Australian dollar is already trading at a two-month high thanks to weak US data. What it does next will all come down to the central bank.

Michael Saylor has made a lot of money off Donald Trump’s pro-crypto strategy.

This bitcoin stock has soared 4000pc thanks to Trump

One hotelier’s pivot to stockpiling the cryptocurrency is delivering eye-watering returns for shareholders in Japan.

The rapid escalation in trade tensions has sent investors running for cover.

Trump’s trade war unleashes market chaos as shares, crypto sink

Investors have been wrong-footed by how quickly the US president has acted on his tariff threats, sending investors scrambling to deflect a hit to global growth.

January

Changpeng Zhao, former chief executive officer of Binance.

Crypto’s richest man turns firm into family office

Changpeng “CZ” Zhao, out of prison and worth more than $110 billion, is turning the former venture capital arm of his Binance Holdings into a family office.

Ethereum’s founder is trying to generate some momentum for its token.

Ethereum gets a Wall Street sales boost after token lags bitcoin

Ethererum was once a serious contender to challenge bitcoin’s status, but it has struggled to keep up with the Trump-fuelled crypto rally.

Citi says investors should buy up the Australian dollar.

Is it time for investors to pile back into the beaten-up $A?

Citi believes the US dollar is primed for a pullback given Donald Trump’s more measured approach to tariffs. That’s good news for the beaten-up Aussie dollar.

Donald Trump’s official token has made the president-elect significantly wealthier over the weekend.

Trump blesses meme coins for second coming as his wealth soars by $90b

The launch of an official Donald Trump token this week has made some traders very wealthy. The rally was stalled only by Melania Trump – who announced her own.

Bitcoin has rocketed since Donald Trump’s decisive election victory.

Crypto hedge funds had a great 2024, but failed to beat bitcoin

Hedge fund gains were paltry when compared with the advance notched by bitcoin, which surged 120 per cent to above $US100,000 for the first time.

Donald Trump’s ultra-loose fiscal policy has put a rocket under the US dollar.

Wall Street sees US dollar rally widen as Trump enters stage

Analysts are expecting to see a further rally in the greenback, creating havoc for currencies around the world including the Australian dollar.

Good luck to anyone trying to tip where the Australian dollar goes next.

Falling dollar a new spanner in the works for RBA, business

In case rising bond yields, jumpy economic data and Donald Trump haven’t made the RBA’s job hard enough, there’s another factor at play.

Original URL: https://www.afr.com/markets/currencies