China’s renminbi is lagging the currencies of key trading partners, making Chinese goods and services cheap and helping to drive exports.
Category: Currency
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The Penny Dies at 232
A long decline into irrelevance ended on Wednesday in Philadelphia.
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A Two-Headed Coin That Always Comes Up ‘Trump’
Would a proposed coin featuring the president on both sides commemorate America’s founding, or undercut its founding principles?
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Bessent Stakes Credibility and Taxpayer Money on Argentina Bet
Treasury Secretary Scott Bessent’s multibillion-dollar bailout of a serial defaulter raises the specter of losses for the United States.
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The Penny’s Demise Is Leaving Some Businesses Shortchanged
Some stores are rounding transactions to the nearest nickel and encouraging customers to pay with plastic, citing the Treasury Department’s decision to phase out the penny.
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Big Investors Await Windfall From Trump’s Argentina Bailout
The United States finalized a $20 billion lifeline for Argentina that will benefit Treasury Secretary Scott Bessent’s allies.
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Treasury Defends Minting a $1 Trump Coin Despite 1866 Law
The Treasury Department said that a 2020 collectible coinage law allows a living person to appear on U.S. currency.
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Gold Price Nears $4,000 an Ounce, a Sign of Turmoil and Unease
Approaching the milestone for the first time, the precious metal is on course for its best year since the 1970s, highlighting unease among investors.
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Treasury Plans to Mint $1 Commemorative Trump Coin
The coin, bearing President Trump’s face, would honor the 250th birthday of the United States.
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Argentina’s President Vowed to Fix Its Economy. Then Came a Crisis.
President Javier Milei slashed inflation and spending, but it wasn’t enough to stave off an economic crisis. President Trump has offered him a lifeline.
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Trump Wades Into Bailout Politics in Offering a Lifeline to Argentina
A $20 billion loan to support Argentina’s president, Javier Milei, could come with economic and political risks.
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U.S. Pledges Support for Argentina’s Economy and Javier Milei
Treasury Secretary Scott Bessent said “all options” are under consideration to help President Javier Milei.