A strong dollar is great news for most of us — but not everybody is a winner
A surge in the dollar has benefited many Americans and reinforced the country's economic strength — but it has also caused a lot of pain for others.
currencies
Like The Empire Itself, The British Pound Is Not What It Used To Be
The pound was long the symbol of Britain's economic might. The chaos surrounding Brexit, the country's 2016 decision to leave the European Union, has sent the currency falling sharply.
U.S.-China Trade War Spreads From Tariffs To A Battle Over Currencies
China's currency and the U.S. stock market stabilized Tuesday, after a dramatic drop the day before. Experts say the Trump administration was wrong to accuse China of currency manipulation.
China's Currency Falls To Lowest Exchange Rate In 11 Years
China's central bank appears to have orchestrated the yuan's fall against the U.S. dollar. A weaker currency makes Chinese goods more competitive on the world market.
Facebook's Digital Money Plan Raises Stakes For China's Cryptocurrency Ambitions
Facebook's plans for a new digital currency have sent Chinese monetary officials scrambling. Since 2014, China's central bank has been looking into launching a cryptocurrency too.
Turkey's Central Bank Defies Erdogan With Drastic Interest Rate Hike
These days it's rare for Turkish officials to contradict President Recep Tayyip Erdogan, who has vowed not to raise rates. But that's what happened Thursday, in an urgent bid to save a deflating lira.
Turbulence Roils Emerging Markets In The Shadow Of A Strengthened U.S. Dollar
India's currency hit an all-time low Wednesday, not long after currencies in Turkey and Argentina slid to their own record lows. But one major reason why is not to be found in emerging markets at all.
Trump 'Not Thrilled' With Fed Chairman Over Interest Rate Hikes
It was the second time in a month that President Trump had taken aim at the Fed. In a Reuters interview, he also accused China and Europe of manipulating their currencies to gain leverage in trade.
Europe May Be On Sale, But The Ticket To Get There Isn't
The euro has dropped in value against the U.S. dollar by more than 20 percent since last summer. But even as Americans find bargains in Europe, flights to get there remain pricey for a few reasons.
Dollar's Rise Is Good News For The U.S., For Now
The dollar's value keeps climbing. That's a sign of a healthy economy, especially compared with some of America's biggest trading partners — but it also has the potential to slow U.S. economic growth.