dollar area

American  

noun

1. those countries among which trade is conducted in U.S. dollars or in freely convertible currencies.

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Etymology

Origin of dollar area

First recorded in 1945–50

Example Sentences

Nordea's Cekov said the yen likely needs to be around the 155 per dollar area for Japanese authorities to consider intervention or to talk the currency up.

From Reuters • Nov. 6, 2023

Japanese authorities seem less willing to intervene to support than they were last year when the yen was at these levels, but a further decline toward the 150 per dollar area could change their thinking.

From Reuters • Aug. 28, 2023

Currency markets are also on intervention watch from Japanese authorities, with the yen falling through the 145 per dollar area and anchored around its weakest level against the euro since 2008.

From Reuters • Aug. 14, 2023

Now, Cripps wanted the Commonwealth to cut its own dollar area imports by 25%.

From Time Magazine Archive

Hard hit by the rising prices of raw materials and production costs, Japan is fighting a losing battle to close its chronic $42 million monthly gap in trade with the dollar area.

From Time Magazine Archive