Currencies Headlines

  • UK's May open to the idea of extending Brexit transition by a few months: BBC reporter

    Britain's Prime Minister Theresa May is open to the idea of extending the transition period "for a few months", BBC Political Editor Laura Kuenssberg said on Twitter.

  • Treasury again skips labeling China a currency manipulator

    The Trump administration on Wednesday decided not to label China a currency manipulator despite the recent drop in the value of the yuan, once again deferring on a core 2016 campaign promise by President Donald Trump. In the past six months, the yuan has dropped more than 9% against the US dollar. And there are growing signs that the country's currency may fall further to 7 yuan to the greenback — a threshold not crossed since before the 2008 financial crisis. The yuan weakened following the US...

  • Asia stocks falter as China knocked by renewed trade war fears

    China's benchmark stock index skidded to four-year lows and dragged Asian equities down on Thursday, as renewed fears of a broadening economic impact from an escalating Sino-U.S. trade conflict sapped confidence.

  • Hacked, scammed and on your own: navigating cryptocurrency 'wild west'

    When Peggy and Marco Lachmann-Anke learned in January that hackers cracked a 40-character password and cleaned out their cryptocurrency wallet, they did not go to the police or alert the tokens' issuer, the Berlin-based technology group IOTA.

  • Despite Trump criticism, Fed sees need for more rate hikes

    Federal Reserve policymakers are largely united on the need to raise borrowing costs further, minutes from their most recent policy meeting show, despite U.S. President Donald Trump's view that interest rate hikes have already gone too far.

  • U.S. data drags oil lower; dollar up after Fed minutes

    U.S. oil prices tumbled and Brent also fell on Wednesday after crude inventories rose by much more than expected and exports fell, while the dollar added to gains after minutes showed Federal Reserve policymakers generally agreed borrowing costs were set to rise further.