The Fed has a mandate that keeps its focus on the U.S.
AP Photo/Mark Lennihan
The Fed’s recent rate hikes are contributing to higher prices and growing recession risks around the world, yet there are good reasons why the US central bank has to keep its focus domestic.
As the world becomes more divided by this war, the Chinese yuan may become the safe haven for Russia and other liked-minded countries.
The UK pound could face harder times ahead.
British shoppers won’t have seen any difference to the value of their pounds yet, but everything from baked beans to bargain holidays could be affected down the line.
Trump says Argentina is intentionally weakening the peso.
Most countries manipulate their currencies – at least a little – but at the moment that’s not the real reason they are undervalued relative to the dollar.
A KFC in Harare, like many other shops, has shut down as a result of Zimbabwe’s financial crisis .
Emmerson Mnangagwa’s administration is struggling to overcome the national economic destruction wreaked on Zimbabwe over two decades under Robert Mugabe.
The astronomic rise of the price of bitcoin over the past 12 months raises fears that the cryptocurrency is set to crash which could see many people lose money.
An illegal money changer holds bond notes outside a bank in Zimbabwe’s capital Harare.
Years of political instability and economic mismanagement under the rule of ZANU-PF have left Zimbabwe’s financial system in chaos. The country is living on borrowed time and borrowed money.
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The New Year always provides an opportunity for both introspection and speculation. So it seems a good time to consider what the big stories are likely to be this year. Some of the five major stories I…
The dollar’s sharp rise in recent months stands to benefit consumers but exporters will suffer.
Recent months have seen a sharp jump in the value of the greenback, with more gains expected in the months ahead. After a period of prolonged weakness, the US currency once again is walking tall. Americans…
In the eye of the beholders, dollar dominance rules.
In imploring the world to be less dependent on the US dollar for international transactions, French finance minister Michel Sapin is expressing a wish that many of the euro’s creators hoped would already…