News about US dollar

On Monday, Vietcombank raised its dollar selling rate to VND26,100, up 0.08% from the weekend level, while the State Bank of Vietnam cut its reference rate by 0.02% to VND25,633, according to VnExpress. The dollar was trading near VND26,000 at unofficial exchange points. In international markets, the dollar index stood at 101.83, and the euro fell 0.1% to $1.1225 in early Asian trade, which Reuters linked to violent protests in France. The dollar traded at about 158 yen, the pound held at $1.3329, and the Australian dollar gained 0.3% to $0.6965.

The euro fell 0.1% to US$1.1225 in early Asian trade, helping steady the dollar index at 101.83. French President Emmanuel Macron condemned 'shocking' violence at cost-of-living protests in a televised address, a day after France suffered one of its worst days of unrest in years. Analysts said the unrest affects the euro mainly through French bonds rather than directly. Elsewhere, the dollar was flat at 158.00 yen, Brent crude fell 1.7% to US$108.02 after Trump waived sanctions and tariffs on Russia, and bitcoin rose 1.4% to US$82,067.66.

The euro fell against most G10 currencies as the conflict in Ukraine escalated and protests spread across France, weakening confidence in the single currency. In early Asian trading, the euro dropped as much as 0.5% against the US dollar, touching 1.1183 USD/euro before trading around 1.1212 USD/euro at 7:02 a.m. Singapore time on October 19. Carol Kong, a strategist at Commonwealth Bank of Australia, said the euro could fall to support at 1.1130 USD/euro this week, especially if the dollar strengthens on geopolitical tensions. High energy costs threaten European economic growth and keep inflation risks elevated. The euro was the weakest G10 currency over the past month and last week fell to its lowest level since May 2025.

The U.S. Mint stopped producing pennies for circulation in November 2025, and new federal legislation sets a framework for rounding cash payments to the nearest five-cent increment when exact change isn't available. Under the rules, totals ending in one, two, six or seven cents generally round down, while those ending in three, four, eight or nine cents round up, so a $12.42 purchase could become $12.40. The framework excludes credit cards, debit cards, checks, gift cards and other noncash payments, which can still be charged the exact amount. Sales taxes should still be calculated on the actual taxable purchase, and rounding is permitted rather than required, so practices may vary by retailer. Existing pennies remain legal tender.

The article argues the global economy is at a historic turning point, as the financialization cycle ends amid mounting trouble in private equity and private credit while the US begins to re-industrialize. It frames the conflict as Wall Street and global financial centers versus Main Street and industry, noting the US carries $40 trillion in government debt. The author attributes rising US long-term rates to three factors: the unwinding of the yen carry trade, inflation now driven by a supply shock rather than money supply (M1 rose 80% from 2020 to 2024), and dollars draining out of the global system. The author expects US rates to fall while rates spike in Europe, and describes a negative credit cycle comparable to 2008, though the US government is acting early. The text is cut off before its chart section.