Forex markets

Political and financial turmoil set to dominate Turkey, risking economic stabilization plans
World

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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Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested
Politics

Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested

Istanbul Municipality Mayor Ekrem İmamoğlu speaks at the 19 May Commemoration of Atatürk, Youth and Sports Day celebrations held at the Maltepe Event Area on May 19, 2023 on Istanbul, Turkey.  Hakan Akgun | Getty Images The Turkish lira fell to a record low against the dollar and the country’s benchmark stock index dropped by […]

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India likely to cut benchmark rates for the first time in nearly five years as economy slows, inflation eases
World

India likely to cut benchmark rates for the first time in nearly five years as economy slows, inflation eases

The newly appointed Reserve Bank of India (RBI) governor Sanjay Malhotra leaves after addressing a press conference, in Mumbai on December 11, 2024.   Indranil Mukherjee | Afp | Getty Images India’s central bank will likely cut benchmark interest rates in its policy meeting that’s underway, as easing inflation offers it room to stimulate a faltering […]

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As the U.S. dollar soars, here are Europe’s biggest winners and losers
World

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 […]

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The Fed’s rate outlook has rattled markets. Here’s what it means for global central banks
World

The Fed’s rate outlook has rattled markets. Here’s what it means for global central banks

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference where he announced the Fed had cut interest rates by a quarter point following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., Dec. 18, 2024. Kevin Lamarque | Reuters The U.S. Federal Reserve roiled markets Wednesday […]

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Iran faces dual crisis amid currency drop and loss of major regional ally
World

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 […]

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Is it time to short the dollar? UBS and others think so
World

Is it time to short the dollar? UBS and others think so

The U.S. dollar has surged since September, but some financial institutions are suggesting investors should bet against further strength in the greenback. Investment bank UBS has taken a contrarian stance, warning investors not to chase the dollar’s recent gains. “We caution against chasing USD strength; instead, we suggest selling dollar upside potential for yield pickup,” […]

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Shoppers hunt for deals, but Dollar General and Dollar Tree aren’t reaping the benefits
Business

Shoppers hunt for deals, but Dollar General and Dollar Tree aren’t reaping the benefits

As shoppers look for value, dollar stores might seem to be logical destinations. But that penny-pinching mentality hasn’t been enough to lift sales for Dollar Tree and Dollar General. Shares of the deep discounters have plunged so far in 2024. The retailers have each cut their full-year forecasts because of weaker-than-expected sales. And both have […]

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Russia tries to stem panic over the plummeting ruble, as the central bank is forced to intervene
World

Russia tries to stem panic over the plummeting ruble, as the central bank is forced to intervene

Aerial view of the Moscow Kremlin landmarks: St. Basil’s Cathedral, Kremlin, Spasskaya Tower and Red Square Sergey Alimov | Moment | Getty Images Russian authorities are trying to stem panic over the ruble’s sharp fall this week, with the central bank forced to intervene on Wednesday to support the currency. The ruble weakened to 114 […]

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What Trump’s return to the White House could mean for global bond yields
World

What Trump’s return to the White House could mean for global bond yields

Former US President Donald Trump arrives during a “Get Out The Vote” rally in Greensboro, North Carolina, US, on Saturday, March 2, 2024. Bloomberg | Bloomberg | Getty Images Donald Trump’s U.S. election victory has ratcheted up concerns about higher prices, prompting strategists to rethink the outlook for global bond yields and currencies. It is […]

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