The latest standoff over raising the nation’s debt ceiling is giving new life to an old theory about how to avoid a default.
Category: Currency
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Why Japan’s Sudden Shift on Bond Purchases Dealt a Global Jolt
The world has relied on ultralow interest rates in Japan. What will happen if they rise?
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Bank of Japan Surprises Markets With Policy Tweak
The central bank widened the yield on 10-year bonds and increased its monthly asset purchases in hopes of reviving a stagnant domestic bond trade.
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King Charles III Is the New Face of U.K. Money
Pound notes with the new sovereign’s image will begin appearing in 2024, though money with his mother’s likeness will still be in circulation.
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Japan’s Economy Shrinks, Weighed Down by a Weak Yen and Rising Inflation
The economy contracted 1.2 percent as consumers and businesses were hit with rising import prices.
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As Dollar Strengthens, U.S. Students in Europe Feel the Benefits
The pound and the euro are trading at decades-long lows against the dollar. For American students abroad, that has made weekend trips, dinners and theater tickets (somewhat) less of a splurge.
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A Rising Dollar Is Hurting Other Currencies. Central Banks are Stepping In.
The Federal Reserve’s interest rate hikes are unsettling global markets and prompting other central banks to prop up their domestic currencies.
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Microsoft Quarterly Earnings Show Slowest Growth in Five Years
The technology giant faced a strong U.S. dollar and weakening demand for personal computers in its latest financial results.
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As Britain’s Economy Stumbles, One Sector Is Booming: Whisky
Scotch whisky exports have soared this year. The weak British pound could spur even more demand for single malt scotch.
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Lessons From Liz Truss’s Handling of U.K. Inflation
The sharp policy U-turn by Liz Truss, Britain’s prime minister, reveals the perils of taking the wrong path in the fight against scalding inflation.