Currency markets
China unlikely to aggressively devalue yuan to offset impact of U.S. tariffs, economists say
An artwork juxtaposing Chinese yuan cash bills with the China’s flag Javier Ghersi | Moment | Getty Images China will not be able to wield a weaker yuan as a weapon in its deepening trade war with the U.S. due to concerns that such a move could trigger financial market instability, market watchers told CNBC. […]
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U.S. dollar index suffers biggest drop since 2022, hits new low for the year
The ICE U.S. Dollar Index dropped sharply again on Thursday, putting the greenback on track for its worst day since 2022. The index, which measures the U.S. dollar against a basket of global currencies, was last down 1.83% to 101.02. At one point in the session, it slipped below the 101 level. This would mark […]
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Japanese yen and Swiss franc top hedges against Trump tariffs, according to analysts
“The Japanese yen will be a good — and probably the best — candidate to hide from trade tensions and a U.S. recession, for a whole host of familiar reasons,” said Ebrahim Rahbari, head of rates strategy at Absolute Strategy Research. Zhang Xiaoyu | Xinhua News Agency | Getty Images Investors are flocking to safe […]
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Trump’s tariffs were expected to boost the dollar, but recession fears are dragging it down
The dollar began Monday on a weak note after significant losses last week due to a potentially weakening U.S. labor market, while concerns over a global trade war led investors to safe havens, lifting the yen and the Swiss franc. Bloomberg | Bloomberg | Getty Images The Wall Street conventional wisdom in November was that […]
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Investors are turning bearish on the U.S. dollar as Trump tariffs loom
Foreign currencies are advertised in a window in Times Square, one of New York’s and the nation’s top tourist attractions, on March 28, 2025, in New York City. Spencer Platt | Getty Images The rollout of U.S. President Donald Trump’s tariffs regime is dampening sentiment toward the dollar and prompting investors to look elsewhere for […]
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Political and financial turmoil set to dominate Turkey, risking economic stabilization plans
Protesters clash with Turkish anti riot police as they use tear gas and water cannons during a demonstration following the arrest of Istanbul’s mayor, in Ankara on March 21, 2025. Adem Altan | Afp | Getty Images More than 1,100 people have been arrested in Turkey’s nationwide protests since demonstrations began on March 19, Turkish […]
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Oil, dollars, and debt: How safe is the Middle East from the global trade war?
The Palm Jumeirah in Dubai, Dubai, United Arab Emirates Nikada | E+ | Getty Images The global trade war triggered by U.S. President Donald Trump shows no sign of abating, with tit-for-tat tariffs hammering major economies, tanking stock markets and dimming growth prospects. The economies concerned – North America, the European Union, and China – […]
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Here’s a potential winner from the Trump tariffs: American tourists traveling abroad
A customer at a food market in Palma, Mallorca, Spain. Andrey Rudakov/Bloomberg via Getty Images As economists ring alarm bells over the impact of President Donald Trump’s tariff policy on consumers and the U.S. economy, there’s a group of Americans who may benefit: tourists traveling abroad. That’s due to the impact of tariffs on the […]
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What the end of the penny means for the economy, your piggy bank, and the way America prices items
Talk to end the penny’s production has been bandied about for decades among government officials and economists. However, the talk became policy when, over the weekend, President Donald Trump ordered the Treasury to stop minting new pennies. “For far too long the United States has minted pennies which literally cost us more than 2 cents. This […]
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New Zealand has ‘complementary’ trade ties with the U.S., finance minister says, as Trump tariff threat looms
Global tariff threats from U.S. President Donald Trump aside, New Zealand is optimistic about its trade relationship with the United States. Speaking to CNBC’s “Squawk Box Asia,” New Zealand Finance Minister Nicola Willis said that “New Zealand is distinguished in that we have a very balanced and complementary trade relationship with the United States,” adding […]
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