Two-thirds of the roughly 150 currencies have weakened against the dollar, whose strength stems from high interest rates because of stubborn inflation.
Category: Currency
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China’s First Quarter Results Show Growth Propelled by Its Factories
China’s big bet on exports has helped to counteract its housing slowdown, but other countries are worried about a flood of Chinese goods.
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On Himalayan Hillsides Grows Japan’s Cold, Hard Cash
A shrub in impoverished Nepal now supplies the raw material for the bank notes used in Asia’s most sophisticated financial system.
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Mainland Chinese Flocked to Hong Kong’s Top Talent Visa
The city created a visa to lure professionals from around the world. Most of the takers were Chinese seeking better jobs, better schools and greater freedom.
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Japan’s Nikkei Hits Record High, Surpassing 1989 Peak
A shift in investors’ outlook for Japan has encouraged a flurry of cash into the country’s markets.
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Japan’s Nikkei Hits Record High, Surpassing 1989 Peak
A shift in investors’ outlook for Japan has encouraged a flurry of cash into the country’s markets.
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Japan’s Economy Slips Into Recession and to No. 4 in Global Ranking
A slowdown in consumer and business spending held Japan back at the end of last year, with the economy contracting for the second straight quarter.
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As China’s Markets Stumble, Japan Rises Toward Record
A change in perception among investors about China and Japan is one of the biggest themes in the markets right now.
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The Mystery of the Coin That Shouldn’t Exist
Scientists recently analyzed a Peruvian 10-cent piece with an unexplained origin.
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Airbnb to Pay About $20 Million After Charging Australians in U.S. Dollars
Airbnb admitted in Australian court that it had made “false or misleading representations,” charging customers in U.S. currency instead of Australian dollars.
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Gold Bars and Tokyo Apartments: How Money Is Flowing Out of China.
Chinese families are sending money overseas, a sign of worry about the country’s economic and political future. But a cheaper currency is also helping exports.