A sharp and sustained fall in the US dollar against other major currencies could turn into a recessionary shock for the global economy outside the United States, according to an analysis highlighted ...

The dollar index rebounded in a highly volatile session and settled higher. The rebound is largely driven by rising geopolitical tensions in the Middle East, especially around the Strait of Hormuz.

State Street said the US dollar may fall to multi-year lows if the Fed cuts rates more aggressively, a scenario that could shift capital toward Bitcoin and risk assets. Strategists at State Street, ...