This time, a weak currency does reflect a weak economy.
Why? Part of the answer is interest rates.
In recent months, pressure on the euro has been mounting while investors have been flocking to the U.S. dollar, a haven in times of economic upheaval.
Another crypto myth bites the dust.
The euro hasn’t fallen below the one-to-one exchange rate with the U.S. dollar for two decades. But as economic risks grow, more analysts predict deeper lows for the shared currency.
There still aren’t any plausible rival currencies.
The U.S. Treasury tightened its restrictions on Russian financial transactions on Monday, when more than half a billion dollars in bond payments were due.
Citing sanctions, the Russian government warned it might pay foreign debt obligations in rubles. Credit rating agencies say a default is imminent.
Even countries with limited trade relationships are intertwined in capital markets in today’s world. Could the Russia sanctions change that?
Bitcoin can’t solve a problem we don’t actually have.
Until a new treasurer is selected, currency will continue to bear the autograph of former Treasury Secretary Steven Mnuchin.
A key Democrat’s decision to pull support from the president’s sprawling climate and social agenda is rooted in the scope of the bill.
Digital payments technology is forcing the financial system to evolve. Banks feel their power waning and want to regain control.
Readers discuss the pros and cons of cybercurrencies. Also: R. Kelly’s conviction; a new look for the American flag.
The Federal Reserve, Treasury and other regulators are worried that a technology that pledges stability will actually be a source of turmoil.
It almost derailed the bipartisan infrastructure bill’s passage.
Rising costs at its factories could trickle out into the rest of the world economy.
The irrelevance of dollar dominance.
If you are trying to grasp Bitcoin and understand what China’s digital yuan means, America’s Federal Reserve is right there with you.
Despite warm words from Biden, U.S. secondary sanctions against Iran, Russia and others punish European companies and prompt new calls for strategic autonomy.
Critics of a strong currency say it hurts American factory workers by making imports cheap.
The renminbi has reached its strongest level in more than two years and shows no signs of stopping, signaling Chinese dominance in manufacturing and giving Biden breathing room.
A surge in spending, combined with falling tax receipts have sent the deficit soaring, complicating plans for additional stimulus.
Some people don’t have credit or debit cards, so a growing number of state and local governments are requiring businesses to accept cash.
A rising currency is eroding the competitiveness of European exporters. Officially, the central bank isn’t allowed to do anything about it.
“Money: The True Story of a Made-Up Thing,” by Jacob Goldstein, is a conversational account of currency — an abstraction propped up by group faith.
A sharp drop in the value of the lira is testing businesses and residents while they are coping with the pandemic.
European stocks have been unloved by investors for years. Now, as the euro soars, they offer an alternative to the S&P 500.
Prices are up 27 percent this year, as the Fed’s policies drive investors to hold more gold.
What if the people who appeared on our $5, $10 and $100 bills weren’t just (mostly) dead former presidents?
Coins have become scarce as virus lockdowns keep people from emptying their coin jars in exchange for paper bills.
Owners are removing currency that had been stapled or taped inside their businesses to donate to employees affected by the coronavirus shutdown.