Currency markets
Trump’s trade war could have a clear winner: The UK
General view of the City of London skyline, the capital’s financial district, in October. Sopa Images | Lightrocket | Getty Images Global markets were hit with fresh volatility this week after U.S. President Donald Trump confirmed plans to impose tariffs on imports from three of America’s biggest trading partners. Trump on Monday agreed to pause […]
Read More
As the U.S. dollar soars, here are Europe’s biggest winners and losers
Nora Carol Photography | Moment | Getty Images The recent strengthening of the greenback could both benefit and hurt Europe, analysts say, with market watchers anticipating further weakening of the bloc’s major currencies in 2025 as President-elect Donald Trump takes office in the U.S. and economic uncertainty persists. The U.S. dollar index — which measures the greenback […]
Read More
Asia’s central banks face a formidable challenge: An ascendant U.S. dollar
A man looks in the window of a money changer showing the rate of various currencies against the Japanese yen, along a street in central Tokyo on April 29, 2024. Richard A. Brooks | Afp | Getty Images Central banks in Asia face a catch-22 in 2025. A relentless rise in the U.S. dollar has […]
Read More
Iran faces dual crisis amid currency drop and loss of major regional ally
A briefcase filled with Iranian rial banknotes sits on display at a currency exchange market on Ferdowsi street in Tehran, Iran, on Saturday, Jan. 6, 2018. Ali Mohammadi | Bloomberg | Getty Images Iran is confronting its worst set of crises in years, facing a spiraling economy along with a series of unprecedented geopolitical and […]
Read More
Bank of Japan expected to keep rates on hold this week — CNBC survey
A Japanese national flag flies while a pedestrian walks past the Bank of Japan (BOJ) headquarters in Tokyo, Japan, on Monday, Sept. 14, 2020. Kiyoshi Ota | Bloomberg | Getty Images The Bank of Japan (BOJ) is likely to keep its benchmark interest rate unchanged this week as it awaits greater clarity on domestic wages […]
Read More
Memecoins like Fartcoin are riding Trump’s victory to huge valuations. Experts say it may have only begun
A laptop keyboard, Elon Musk post about DOGE on X displayed on a phone screen and representation of Dogecoin cryptocurrency are seen in this illustration. Jakub Porzycki | Nurphoto | Getty Images Yes, it’s called Fartcoin. Yes, it is totally useless. And yes, it has nevertheless tripled in value over the past week to a market […]
Read More
Iran currency slips to new lows amid U.S., Europe tensions
A briefcase filled with Iranian rial banknotes sits on display at a currency exchange market on Ferdowsi street in Tehran, Iran, on Saturday, Jan. 6, 2018. Ali Mohammadi | Bloomberg | Getty Images The Iranian currency extended its fall on Saturday, hitting a new all-time low against the U.S. dollar amid uncertainties about Donald Trump’s […]
Read More
South Korea’s short-lived martial law declaration rattled markets. Here’s what’s next for stocks
A visitor looks at screens at the Korea Exchange (KRX) headquarters in Seoul, South Korea, on Wednesday, Dec. 4, 2024. Bloomberg | Bloomberg | Getty Images An extraordinary political drama in South Korea is likely to compound an already gloomy outlook for Asia’s fourth-largest economy, analysts say, although some see reason to be more upbeat […]
Read More
Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine U.S. dollar
Officials, including Chinese President Xi Jinping, Russian President Vladimir Putin and Indian Prime Minister Narendra Modi, attend the BRICS summit in Kazan, Russia October 23, 2024. Alexei Danichev | Reuters President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar. His threat was […]
Read More
Here’s why Americans traveling to Europe may find bargains in 2025
Oscar Wong | Moment | Getty Images Euro is expected to hit parity with the dollar Economists expect the euro to fall to or even below parity with the U.S. dollar next year. That would mean the currencies had a 1:1 exchange rate. The euro is used by 20 of the 27 nations in the […]
Read More