In Chinese, “renminbi” means the currency of the people. Yet for so long China’s currency has been an institution ofRead More
Editor’s note: The Federal Reserve’s policy-setting committee raised its target interest rate a quarter-point to a range of 0.5 percent to 0.75Read More
No one was really surprised that the Fed raised its target interest rate by one-quarter of a percentage point today. Yet some people are really upset aboutRead More
©2016 Bloomberg News Lucy Meakin and Chikako Mogi (Bloomberg) — The dollar headed for its worst month in 5 1/2Read More
©2016 Bloomberg News Anchalee Worrachate (Bloomberg) — A gauge of the dollar pared its biggest one- day decline in moreRead More
©2016 Bloomberg News Ahmed A. Namatalla (Bloomberg) — Egypt’s pound fell to a record in black- market trading on betsRead More
©2016 Bloomberg News Candice Zachariahs and Eshe Nelson (Bloomberg) — The dollar rose for a fourth day against the euro,Read More
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