Officials at Japan’s central bank are considering when to raise interest rates, as their counterparts in the United States plan to cut them, which could rattle markets around the world.
Category: US Dollar (Currency)
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The Fed Under Trump 2.0
Donald Trump says he will not fire Jay Powell as chairman of the central bank if he is re-elected president, after threatening to do so. But whether the president even has the authority is open to question.
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Trump-Vance Administration Could Herald New Era for Dollar
Both candidates on the Republican ticket have argued that the U.S. currency should be weaker to support American exports.
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How the Yen’s Slide Is Undermining Japan’s Defense Buildup
Japan is struggling to fund plans that would significantly bolster its military readiness amid rising regional threats.
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Destinations Where the Dollar Buys More
American travelers going abroad this summer will find their money buys more in some unexpected countries, including Japan and Australia.
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A Strong U.S. Dollar Weighs on the World
Two-thirds of the roughly 150 currencies have weakened against the dollar, whose strength stems from high interest rates because of stubborn inflation.
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As Fed Battles Inflation, the Dollar Keeps Its Swagger
The U.S. currency has been on a tear, and the Fed’s decision to keep interest rates steady is likely to keep the dollar “higher for longer,” our columnist says.
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Plunge in Currency Deepens Iran’s Economic Crisis
The New York Times – Business:Years of Western sanctions are partly to blame for the crisis. But economists say poor management by the country’s authoritarian clerical rulers also plays a big part.
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Yellen is First Female Treasury Secretary With Signature on U.S. Dollar
The New York Times – Business:Two women — the first female Treasury secretary and the first Native American to serve as U.S. treasurer — now have their signatures on America’s currency.
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A Rising Dollar Is Hurting Other Currencies. Central Banks are Stepping In.
The New York Times – Business: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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Getting the Most Bang for Your Buck While Traveling Overseas
The New York Times – Frugal Traveler:The strong American dollar is the upside of a volatile economy. For U.S. travelers headed abroad, that may help make up for the rising cost of travel.