These stocks win when the U.S. dollar falls, as it’s doing in July
A group of stocks including Advanced Micro Devices are set to benefit now that the dollar is weakening, according to a stock screen from CNBC Pro. A weaker dollar means…
Turkish lira sinks to new lows following central bank’s rate hike
Turkey’s Taksim Square, with the figure of Kemal Ataturk, the first president, and the Turkish flag in the background. Sopa Images | Lightrocket | Getty Images The Turkish lira sank…
Goldman Sachs’ three-month target for a lira plunge happened in three days
Residents waiting at a bus stop under a large Turkish flag in Istanbul, Turkey, on Sunday, April 30, 2023. Bloomberg | Bloomberg | Getty Images The Turkish lira has extended…
Turkey’s lira sinks to fresh record low after Erdogan re-election
A man holding a Turkish flag. Uriel Sinai | Getty Images The Turkish lira sank to a fresh record low Monday as incumbent Recep Tayyip Erdogan secured his victory in…
Currency traders bracing for Erdogan election chaos
Turkish flag over a DenizBank building. Turkey is expected to head to the polls on Sunday. Ismail Ferdous | Bloomberg | Getty Images The Turkish lira is already facing some…
Weaker U.S. dollar making travel to Europe more costly
Nicolas Economou/NurPhoto via Getty Images Europe trips were a historically good deal in 2022 Jordi Salas | Moment | Getty Images When the U.S. dollar strengthens relative to other currencies,…
‘Mr. Yen’ says the Japanese currency could plunge to 170 next year
A dealer reacts in the trading room at foreign exchange brokerage Gaitame.Com Co. in Tokyo on Oct. 21, 2022. The yen’s slump past the symbolic mark of 150 per dollar…
British pound falls 1%, reversing the Liz Truss resignation bounce
British Prime Minister Liz Truss announces her resignation, outside Number 10 Downing Street, London, Britain October 20, 2022. Henry Nicholls | Reuters LONDON — The British pound fell 1% against…
Japanese yen hits 150 against the U.S. dollar
The Japanese yen weakened past 150 against the U.S. dollar, a key psychological level, reaching levels not seen since August 1990. The Bank of Japan’s two-day meeting is slated for…
‘The Fed is breaking things’ – Here’s what has Wall Street on edge as risks rise around the world
Jerome Powell, chairman of the US Federal Reserve, during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022. Al Drago | Bloomberg | Getty Images As…