Tag: currency

February 6, 2023

Earlier this month, Argentina and Brazil announced that they would begin working to implement a common currency. The news shocked many economists, including Oliver Blanchard, former chief economist of the International Monetary Fund. Blanchard responded by tweeting: “This Is Insane.” […]

March 21, 2019

The U.S. dollar climbed in early Thursday trading, retracing some of its losses from the previous session that it incurred after the Federal Reserve reiterated its dovish monetary policy stance. The U.S. central bank cut its expectations for 2019 interest-rate […]

June 15, 2018

The leading dollar index hit a seven-month high Friday, boosted by lingering U.S. economic optimism, even as global markets braced for the next round of trade jabs between economic powerhouses China and the U.S. The still largely disparate interest-rate policy […]

May 24, 2018

The U.S. dollar declined on Thursday, pulling back from a 2018 high on renewed trade-war jitters after the Trump administration said it was investigating whether to slap import tariffs on cars. Meanwhile, the British pound gained strength on the back […]

March 16, 2018

The U.S. dollar held on to its gains after climbing higher in the wake of stronger-than-expected economic data, reversing a previous loss that had the buck trading at a nine-day low. This move also led to some of its rivals […]

February 20, 2018

Bank of England Governor Mark Carney raised concern over extreme volatility in the world’s best known digital currency. “It has pretty much failed thus far on … the traditional aspects of money. It is not a store of value because […]

January 30, 2018

The U.S. dollar pared earlier losses on Tuesday as the trading day marched on and the euro gave up some of the gains it achieved on the back of strong economic growth data. What are currencies doing? The ICE U.S. […]

December 8, 2017

The U.S. dollar saw volatile trading after the release of nonfarm payroll data, which beat consensus estimates, while average hourly wage data disappointed. What are currencies doing? The ICE U.S. Dollar Index DXY, +0.28% was last up 0.2% at 93.950. […]

November 28, 2017

The U.S. dollar added to previous gains against its major rivals on Tuesday, as traders braced for remarks from Jerome Powell, the Federal Reserve official nominated to take the baton from Chairwoman Janet Yellen when her term ends in February. […]

January 21, 2016

China’s central bank wants to launch its own digital currencies to cut the costs of circulating traditional paper money and boost policymakers’ control of money supply, the People’s Bank of China said on Wednesday. A PBOC research team set up […]

January 11, 2016

Traveling internationally? Unless you’re meticulous at forecasting travel costs and only withdraw the precise amount of cash you’ll need, it’s likely you’ll return stateside with a pocket full of euros or yen. Most foreign exchange servicesdon’t accept smaller denominations, so […]