There’s no end to the ammunition available to central banks in the war on cash, says John Stepek. They could end up turning the whole system on its head.
The pound has fallen to a seven-year low against the dollar, and is down almost a tenth against the euro.
Investors have been scared witless by the plunge in the Chinese stockmarket and currency, the yuan. Andrew Van Sickle explains why you should stay calm.
One of the most widespread calls for 2016 is for the US dollar bull market to continue, But it could already be over.
The strong US dollar was one of the biggest stories of 2015. Many people expect that to continue right through 2016. But that’s by no means certain, says John Stepek.
Last week, the South African president, Jacob Zuma, fired his respected finance minister Nhlanhla Nene. But the market and media furore prompted a major U-turn.
China’s change to the way its currency operates has sent a very clear message to the US. John Stepek explains what’s going on, and why it matters.
Despite poor manufacturing data, the US dollar is closing in on its 12-year high last seen in April.
The yuan has made its entrance into the IMF’s world reserve currency – at the expense of the euro.
China’s yuan is set to be added to the basket of currencies making up the SDR – the IMF’s global currency. What happens next?
The IMF’s expected welcoming of the renminbi into its ‘special drawing rights’ is a significant acceptance of China’s position as a global financial player. Simon Wilson reports