dollar

Central banks turn back to gold as uncertainty mounts

For the first time in nearly three decades, central banks’ combined gold reserves now exceed their US Treasury holdings—a symbolic shift reflecting diversification away from dollar assets.After the…

Al Majalla - London 28 October 2025

A model of the euro in front of the European Central Bank headquarters in Frankfurt, Germany.

Reuters

The euro’s global moment: real opportunity or historical trap?

As the euro strengthens amid a weakening dollar, analysts see it more as a rebalancing of the global financial order rather than an innate superiority of the European currency

Toufic Chanbour 06 August 2025

Diana Estefanía Rubio

The dollar still rules the global economy

Today, the US dollar is the most prominent currency in the world. This is tied to the fact that the US has the largest economy, along with the dollar’s use globally, as most countries worldwide rely…

Al Majalla - London 25 February 2025

As Egypt hopes to free itself from the pressure posed by the dollar, it looks to join BRICS, which some see as a potential counter-alliance and future rival of G7.

Ewan White

Egypt seeks BRICS membership to free itself from the dollar

As Egypt hopes to free itself from the pressure posed by the dollar, it looks to join BRICS, which some see as a potential counter-alliance and future rival of G7.

Marcelle Nasr 16 August 2023

The battle with the greenback for global supremacy will be long – even with the fight underway, rivals are not ready to replace it.

Nicola Ferrarese

Don’t expect currency wars to dethrone the dollar yet

The US currency has faced rivals before. Its reserve currency status looks safe while rivals like China's renminbi and the euro are without key advantages underpinning its international appeal.

Toufic Chanbour 28 May 2023

U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration

U.S. Dollar Holds Firm Ahead of U.S. Inflation Data

The U.S. dollar held its ground on Wednesday as traders waited for this week's U.S. consumer price data to see whether it will confirm that inflation is in retreat. The euro flattened against the…

11 January 2023

Coins of a one Egyptian pound are seen at the Mint Museum, in Cairo, Egypt January 25, 2021. REUTERS/Amr Abdallah Dalsh

Egypt's Currency Weakens to 26.49 to the Dollar

The Egyptian pound weakened to 26.49 to the dollar on Wednesday, its biggest one-day move since the central bank allowed it to fall by 14.5% on Oct. 27, according Refinitiv Data. It was about 24…

04 January 2023

U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Won

Dollar Steadies After Recent Falls, Gains on Pound and Yen

The pound and Japanese yen edged off multi-month highs against the dollar on Monday as traders, investors and analysts started to speculate whether the greenback's recent bout of weakness was coming…

05 December 2022

Dollar Faces Biggest Monthly Loss Since 2010 Ahead of Powell

The dollar fell on Wednesday ahead of a speech by Federal Reserve Chair Jerome Powell and a look at private-sector employment data for November, as it barrelled towards its biggest monthly loss since…

30 November 2022

Dollar Holds Losses as Fed Minutes Signal Slower Rate Hikes

The U.S. dollar held onto losses on Thursday after the minutes from the Federal Reserve's November meeting supported the view that the central bank would downshift and raise rates in smaller steps…

24 November 2022

Popular
Editor's Pick

Ewan White

Politics

How Trump reshaped the world

03 November 2025

Al Majalla examines key developments in the US and across the globe less than a year into Trump's second presidential term

Al Majalla - London

AFP-Reuters-Eduardo Ramon

Politics

Zohran Mamdani becomes first Muslim mayor of New York

04 November 2025

The 34-year-old socialist's win is a seismic development, proving that tax rises for the rich to fund social programmes, and unwavering advocacy for Palestinian rights, are politically viable stances

Tarek Rashed

A displaced woman rests in Tawila, in the country's war-torn western Darfur region, on 28 October 2025, after fleeing el-Fasher following the city’s fall to the Rapid Support Forces (RSF).

AFP

Politics

From siege to slaughter: the fall of el-Fasher

29 October 2025

After over 500 days of a crippling blockade, the city finally fell to the RSF, cementing their control of the giant Darfur state in western Sudan and giving them full access to key supply routes

Amgad Fareid Eltayeb

Activists hold a demonstration in lower Manhattan against the arrest by ICE of Palestinian activist Mahmoud Khalil, a graduate student at Columbia University, on 20 March 2025 in New York City.

SPENCER PLATT / AFP

Politics

The Gaza war has damaged the West

01 November 2025

The West's response to Israel's war on Gaza exposed its weakness and damaged its collective reputation, while also eroding civil liberties at home

Christopher Phillips

Al Majalla

Business & Economy

FII draws up roadmap for responsible investment and AI

03 November 2025

A major global conference in Saudi Arabia shifts the focus of investment and expenditure to programmes and policies with a human-centred impact, not least in healthcare and education

Omar Harkous

Sections

Regions

More

LATEST ISSUE

Central banks turn back to gold as uncertainty mounts

The euro’s global moment: real opportunity or historical trap?

The dollar still rules the global economy

Egypt seeks BRICS membership to free itself from the dollar

Don’t expect currency wars to dethrone the dollar yet

U.S. Dollar Holds Firm Ahead of U.S. Inflation Data

Egypt's Currency Weakens to 26.49 to the Dollar

Dollar Steadies After Recent Falls, Gains on Pound and Yen

Dollar Faces Biggest Monthly Loss Since 2010 Ahead of Powell

Dollar Holds Losses as Fed Minutes Signal Slower Rate Hikes

How Trump reshaped the world

Zohran Mamdani becomes first Muslim mayor of New York

From siege to slaughter: the fall of el-Fasher

The Gaza war has damaged the West

FII draws up roadmap for responsible investment and AI

OPINIONS

RSF massacres in el-Fasher

Saudi Arabia, Syria forge a path toward regional stability

FII draws up roadmap for responsible investment and AI

Zohran Mamdani becomes first Muslim mayor of New York

dollar

Sign up for the Weekly Newsletter