Wall Street Rips Up Dollar Playbook as 2022’s Top Bet Crumbles

A customer counts 100 U.S. dollar banknotes and 50 euro banknotes inside a foreign currency exchange bureau in the Beyoglu district of Istanbul, Turkey, on Thursday, May 14, 2020. The global demand shock that followed the coronavirus pandemic is exposing a key vulnerability for Turkey’s external finances, with stimulus at home worsening an imbalance between … Read more

It’s Every Nation for Itself as Dollar Batters Global Currencies

For starters, China is now the biggest trading partner of the US, Japan and countries across Europe. An agreement without Beijing’s participation would likely be an ineffective deal and while the yuan is under pressure versus the dollar and the government there is leaning against weakness with its fixings, it’s far from distressed levels that … Read more