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A predicted weakening of the US dollar will hit Bermuda’s buying power, a bank currency expert said yesterday. Daragh Maher, head of foreign exchange strategy at global bank HSBC, said: “The last couple of years, the US dollar has been stronger than ...

The weakness of the Canadian dollar is a likely contributor to the drop in Canadian visitors to the Island, according to the Bermuda Tourism Authority. “We can’t say that with 100 per cent certainly until we’ve seen more travel and economic data from...

Recently the US dollar has surged. Its gain versus a basket of major currencies since the beginning of July as measured by the US Dollar Index ‘DXY’ is almost nine per cent as of this writing. Most of this appreciation has come at the expense of the ...

New US $100 bills will soon be released with new security features to make it easier to detect forgeries. The new notes, set to begin circulation on October 8, will include a blue, 3D security ribbon woven into the paper and a colour shifting image o...