Home Tags Currency

Tag: Currency

China’s currency just dropped to its lowest level in a decade — and US exporters will pay the price

China let its currency, the renminbi, slip earlier this month, sending markets crashing as it retaliated against the US in their trade war.

Trump’s tweet citing the ‘highest dollar in US history’ is flat-out wrong. Here’s where the dollar actually stands.

Trump has repeatedly expressed his desire for a weaker US dollar, saying it will improve the US's position in the global trade war.

The dollar just hit its highest level of 2019, even as Trump continues his full-court press for a weaker currency

There are a number of factors supporting the dollar's strength, including the trade war, which is dragging down global growth.
Trump leaves Manhattan Supreme Court, where he was serving on jury duty on August 17, 2015 in New York City.

Trump ramps up his crusade for a weaker dollar, says the Fed’s rate decisions have ‘called it wrong at every step’

"As your President, one would think that I would be thrilled with our very strong dollar. I am not!" Trump tweeted Thursday.

Obama advisor Larry Summers warns the world is at ‘most dangerous financial moment’ since 2009 as global markets reel from trade war escal...

Global markets have followed Wall Street into freefall following a recent escalation in the US-China trade war.

The pound is in free fall — and the Bank of England just warned it could be hammered even harder by Brexit

The pound has shed 2.6% under Boris Johnson, its second-biggest drop in a prime minister's first week since 1976.

There’s a ‘very real chance’ the slump in the pound is just getting started

Boris Johnson's vow to pull the UK out of the EU at the end of October, with or without a deal, has hammered the currency. It could get worse.
The moment Rep. Brad Sherman compared Facebook's proposed Libra cryptocurrency to the two planes crashing into the World Trade Center on 9/11.

A US congressman is standing by his statement that Facebook’s Libra cryptocurrency will be worse than 9/11

Rep. Brad Sherman compared Facebook's proposed Libra cryptocurrency to 9/11, predicting it would result in more US deaths over time.

Facebook must overcome a severe lack of trust if it hopes to bring Libra, its new cryptocurrency, to the masses

Facebook is in Washington, D.C. this week as its cryptocurrency chief answers questions from a Senate committee about the Libra cryptocurrency.

Trump reportedly asked aides to find a way to weaken the dollar. Experts say that would be currency manipulation, a practice the president hates.

Trump has grown increasingly frustrated with the strength of the dollar as his administration pursues its signature "America First" agenda.