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Trump’s tweet citing the ‘highest dollar in US history’ is flat-out wrong. Here’s where the dollar actually stands.

Trump has repeatedly expressed his desire for a weaker US dollar, saying it will improve the US's position in the global trade war.

The Chinese yuan hits its weakest level since the financial crisis as trade tensions ramp up

China’s central bank eased the Chinese yuan to its weakest level against the dollar in more than a decade on Tuesday.
Turkish Prime Minister Tayyip Erdogan (left) and central bank governor Durmus Yilmaz show Turkish banknotes during a news conference in October, 2008.

Turkey’s currency jumps after Washington and Ankara reportedly reach deal to release detained American pastor

The Turkish lira jumped Thursday after reports said its government could release a detained American within days, a step toward resolving tensions between Washington and Ankara that have helped roil the currency in recent months.
Treasury Secretary Steven Mnuchin

Mnuchin warns China about devaluing its currency

As trade tensions between the world's largest economies continue to escalate, the US has warned China not to weaken its currency as an alternative to tariffs.

Argentina’s currency tumbles more than 5% after the head of its central bank unexpectedly quits

The head of Argentina's central bank unexpectedly resigned Tuesday after three months on the job, delivering a blow to the worst-performing currency of 2018.

Turkey’s currency surges more than 3% on hopes a detained American pastor will be released

Turkey's currency rallied Monday amid reports Turkey could release an American whose controversial imprisonment has been at the center of an ongoing feud between Ankara and Washington.

The Turkish lira plunges after report says central bank deputy governor will resign

Turkey's currency plunged on Thursday following reports that the deputy governor of its central bank would resign.
Argentina's president Mauricio Macri speaks during a meeting with Chile's President Michelle Bachelet at the government house during his official visit in Santiago

Argentina asks the IMF to speed up payments for its $50 billion bailout

Argentina's currency sank Wednesday after President Mauricio Macri said he has asked the International Monetary Fund to speed up bailout payments to the country as its financial crisis deepens.
President Donald Trump at a Carrier factory in Indiana

Trump seems to have a back-up plan if his trade wars fail

For decades in the US, government officials on both sides of the aisle have generally made a point to back a strong dollar in public — especially those in the Oval Office. President Donald Trump, on the other hand, has repeatedly lashed out about a strengthening greenback.

‘Getting the dollar wrong is deadly’: A rapid rise in the dollar could cause a domino effect across emerging markets

A rallying dollar has been clobbered emerging market currencies this year, and analysts warn it could soon appreciate further and faster.