Dollar strengthens
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Family Dollar, Kansas City
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The American dollar has hit its rock bottom, at least since the Nixon days. The dollar is experiencing its worst value since 1973, and other factors may bring it even lower. There are a few tactics, however,
The dollar rose against the euro and yen on Monday as markets were buoyed by a trade agreement between the U.S. and the EU, which brought some market certainty and averted a global trade war.
A car crash nearly nine years ago at the Family Dollar store in Midtown Kansas City — where one person was killed Sunday when the building partially collapsed — may have caused damage that compromised the structure.
While the U.S. dollar gained ground Friday, it is still set for a weekly drop amid ongoing tariff negotiations and bank meetings scheduled for next week.
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The Canadian dollar weakened to a 10-day low against its U.S. counterpart on Monday but its decline, ahead of a Bank of Canada interest rate decision this week, was the smallest by far among the Group of 10 currencies.
At least three others were injured in the collapse Sunday afternoon, according to the Kansas City Fire Department.
President Donald Trump’s announced series of preliminary trade agreements are likely to put downward pressure on the U.S. dollar (DXY) over time, according to Goldman Sachs. “The deals have been generally consistent with our economists’ expectations for a reset higher in the baseline tariff rate offset by some key reductions in sectoral tariffs,
The dollar's early dominance of stablecoins gives the U.S. an advantage that could ultimately push up borrowing costs for Europe, reduce the ECB's autonomy and increase geopolitical dependency on the U.