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China’s central bank eased the Chinese yuan to its weakest level against the dollar in more than a decade on Tuesday.
Turkey’s currency jumps after Washington and Ankara reportedly reach deal to release detained American pastor
The Turkish lira jumped Thursday after reports said its government could release a detained American within days, a step toward resolving tensions between Washington and Ankara that have helped roil the currency in recent months.
As trade tensions between the world's largest economies continue to escalate, the US has warned China not to weaken its currency as an alternative to tariffs.
The head of Argentina's central bank unexpectedly resigned Tuesday after three months on the job, delivering a blow to the worst-performing currency of 2018.
Turkey's currency rallied Monday amid reports Turkey could release an American whose controversial imprisonment has been at the center of an ongoing feud between Ankara and Washington.
Turkey's currency plunged on Thursday following reports that the deputy governor of its central bank would resign.
Argentina's currency sank Wednesday after President Mauricio Macri said he has asked the International Monetary Fund to speed up bailout payments to the country as its financial crisis deepens.
For decades in the US, government officials on both sides of the aisle have generally made a point to back a strong dollar in public — especially those in the Oval Office. President Donald Trump, on the other hand, has repeatedly lashed out about a strengthening greenback.
‘Getting the dollar wrong is deadly’: A rapid rise in the dollar could cause a domino effect across emerging markets
A rallying dollar has been clobbered emerging market currencies this year, and analysts warn it could soon appreciate further and faster.
Sterling has hit a fresh 11-month low against the dollar on Thursday amid continued fears over the prospect of a 'no deal' Brexit.