Example collocations logo

Dollar in sentence

3262 examples of Dollar in a sentence

Is the US dollar still dominant, has the Chinese renminbi taken over, or has some other currency surged to global preeminence?
Today, too, the world should expect the US dollar to remain the key reserve currency, used to invoice and settle international trade, for a long time to come.
Yet renminbi-denominated finance is nowhere near ready to compete with – let alone rival – dollar finance.
In fact, the renminbi still trails other reserve currencies (the US dollar, the euro, the Japanese yen, and the British pound) in international finance by so much that a renminbi-led international monetary system by mid-century seems about as likely as a Blade Runner 2049-style dystopia.
But the most compelling reason why one should not expect a renminbi-dominated international finance system to arise anytime soon is that China’s leaders have never shown any sustained commitment to developing the renminbi as a true alternative to the dollar.
This was precisely the point that Zhou Xiaochuan, the governor of the People’s Bank of China, made in a 2009 speech challenging the view that only the US, through the dollar, could guarantee the functioning of the international monetary system.
With the proceeds of selling a dollar at the black market rate, you can buy over $100 at the strongest official rate.
The ratings agencies are threatening additional downgrades; others envision an eventual breakup of the euro and/or demise of the dollar as the global reserve currency.
Yet the dollar, a symbol of American financial power, has surged rather than declined.
While this borrowing binge might end smoothly, as US Federal Reserve Chairman Ben Bernanke has speculated, most world financial leaders are rightly worried about a more precipitous realignment that would likely set off a massive dollar depreciation and possibly much worse.
First, despite the birth of the euro and talk of the Chinese renminbi’s ascendancy, the dollar remains the currency of choice for borrowing and lending around the world.
In the current debate about what the Fed should do next, Governor Lael Brainard has been arguing that real dollar appreciation of 20% in 2014 and 2015 reduces the need for further monetary-policy tightening.
A weaker dollar increases the purchasing power of US trading partners (the so-called Dornbusch effect, named for the late MIT economist Rudi Dornbusch), some of which spills over to increased demand for energy.
Non-US oil producers sell a good denominated in dollars but consume a basket of dollar and non-dollar items.
For them, a weaker US dollar lowers the price of exports relative to imports, and so they restrict supply.
The scissors close with more demand and less supply, implying a higher dollar price of oil.
First, the dollar has depreciated against most currencies, but less so against those of important emerging-market partners, such as China.
Further dollar depreciation eroding supply and enhancing demand might just change that.
Capital flight, interest-rate spikes, declining private investment, and a collapse in the value of the dollar – all of these are likely should financial markets lose confidence in a Fed chairman.
Quantitative Easing and the RenminbiCAMBRIDGE – The United States Federal Reserve’s policy of “quantitative easing” is reducing the value of the dollar relative to other currencies that have floating exchange rates.
But what does the new Fed policy mean for one of the most important exchange rates of all – that of the renminbi relative to the dollar and to other currencies?
The effect of quantitative easing on exchange rates between the dollar and the floating-rate currencies is a predictable result of the Fed’s plan to increase the supply of dollars.
The rise in the volume of dollars is causing the value of each dollar to fall relative to these currencies, whose volume has remained constant or risen more slowly.
But, intended or not, the increased supply of dollars also affects the international value of the dollar.
Between 2008 and June of this year, the Chinese held the renminbi at a fixed rate of 6.8 to the dollar.
While the renminbi has appreciated slightly relative to the dollar since June, the greater fall of the dollar relative to many other currencies means that the renminbi has generally also fallen relative to those currencies.
But it is clear that the fall of the renminbi against other currencies that has resulted from the Fed’s policy of quantitative easing now gives the Chinese scope for more rapid appreciation of the renminbi relative to the dollar.
Europe's Dollar EnvyCurrencies can become the focus not just for commercial transactions, but for diplomatic and political wrangles.
The Europeans--in particular the French--complained about what General Charles de Gaulle termed the "exorbitant privilege" of the US dollar.
The General and his monetary guru, Jacques Rueff, argued that the US used the dollar's status as the major reserve currency of the Bretton Woods fixed exchange-rate regime in order to run deficits and pay for its overseas military adventurism (at that time in Vietnam).
BackNext