Oil prices dropped more than U.S. Dollar in Asian trade on Tuesday after the collapse of US investment bank Lehman Brothers accentuated fears for global economic health.

The bad consequences of a weak dollar are well known. But there are good consequences as well. The US needs to attract foreign investment and a weak dollar makes US investments look attractive to foreigners.

Ben Bernanke finally took notice of the dollar yesterday in a speech in Barcelona, Spain and indicated the end to interest rate cuts may be here

The preliminary estimates for the overall US economy during the first quarter of 2008 are pretty dismal. Real GDP was up at a paltry annual rate of just 0.6% in the quarter for the second quarter in a row.

With the world financial crisis at hand, people might want to cheat on something they got used to. Like the U.S. dollar.

On the basis of the last consecutive three trading days we can strongly confirm that the U.S. economic condition has definitely become less favorable and it is about to face a severe dollar crisis. During those last three days, the dollar dropped several times to new records low versus the 15-nation currency.

The European currency advanced against the dollar on Tuesday after a key survey revealed a surprise jump in business confidence in Germany , the biggest economy in the Euro zone.

The dollar rose against the euro and yen before a government report that may show U.S. inflation expedited last month, giving the Federal Reserve less reason to lower interest rates.

The value of the U.S. dollar has dropped about 20 percent against a basket of major currencies in the last five years. This decline has been especially tough for immigrants who work in the United States and send money to their families back home. As Nathan King reports from New York, these dollar remittances are key for the economies in many developing nations.

Authorities have arrested a man who walked to the Regions Bank in Clearwater, South Carolina, presented a fake million dollar bill and said "I would like to open a bank account with this million dollar bill..."

The dollar stumbled to fresh lows against the euro and pound on Friday with little economic news to distract currency traders from the struggling U.S. housing market.

The rupee appreciated further by about three paise against the US dollar in early trade on strong equity markets coupled with weakness in dollar overseas.