Strategist expects dollar to drift much lower against the yen
A pedestrian walks past a display board showing the currency exchange rate between the US dollar and the Japanese yen, along a street in Tokyo on August 5, 2024. Richard …
U.S. dollar
Fed signals possible rate cut; Wall Street soars
This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they …
What recent small cap rally says about risk
The money flow into small caps may not be a rotation from winning growth trades. Dave Nadig, ETF journalist and financial futurist, sees investors “just buying, buying, buying.” “What we’re …
Why the Fed cutting interest rates may weaken the U.S. dollar
SeongJoon Cho/Bloomberg via Getty Images The U.S. Federal Reserve may start cutting interest rates before year’s end. That could make future trips abroad more expensive for the nation’s travelers. That’s …
Argentina must dollarize and abolish the central bank, economist says
A man wearing a Diego Maradona t-shirt walks by the Argentine Central Bank on November 30, 2023 in Buenos Aires, Argentina. Tomas Cuesta | Getty Images News | Getty Images …
Big Short’s Steve Eisman worries investors are too bullish in 2024
Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with the market’s tepid start to the year. From enthusiasm surrounding …
Bigger isn’t necessarily better for the future of BRICS
When leaders of the BRICS nations — Brazil, Russia, India, China and South Africa — convened in Johannesburg this week for their annual summit, they sought to forge a consensus …
India oil minister Hardeep Singh Puri
Oil trades have sometimes been settled in the Chinese yuan, Russian ruble or Indian rupee, but the idea of “de-dollarization” — or moving away from the U.S. dollar to settle …
China’s PBOC intervenes after yuan hits 16-year high against greenback
Photo taken on Aug 17, 2023 shows US dollars and Chinese yuan in Fuyang city, East China’s Anhui province. Nurphoto | Nurphoto | Getty Images The People’s Bank of China …
Yen breaches 145 level against USD, raises expectations BOJ may intervene
Japanese yen and U.S. dollar banknotes are arranged for a photograph in Tokyo, Japan. The U.S. dollar pushed to a fresh two-decade high versus major peers on Thursday, propelled by …