The currency wars

The currency wars

In increasingly desperate attempts to bolster their economies, many of the world's central banks are following policies of money printing – so called 'quantitative easing' – and lowering interest rates, pushing down the value of their currencies. Here we examine why, what it means for you, and how you can profit.

Trade conflict risks igniting currency war

China’s currency fell to an 11-year low against the US dollar, prompting US authorities to brand the country a currency manipulator.

The currency war gets serious

This week, the Chinese yuan (or renminbi) weakened to the point where one US dollar could buy more than seven yuan. That’s the weakest level in a decade.

Trump wants a weaker US dollar – so what can he do about it?

Donald Trump is a big fan of a weaker currency for America. John Stepek explains why, how he could target the US dollar, and what that would mean for investors.

Investors beware: politicians are now in charge, not central banks

The US Federal Reserve has done what the market wanted for now. But investors should watch out, says John Stepek – President Donald Trump is turning up the heat.

This may be the best defence against escalating currency wars

As governments around the world debase their currencies, you need an asset that can ride out the hard times. And nothing fits the bill like gold, says John Stepek.

The pound could soon face competition in the race to the bottom

The Bank of England’s failure to raise interest rates gave the pound a fillip. But with the race to the bottom still on, it faces stiff competition from the rest of the world’s currencies.

Can China succeed in defending the yuan?

China burned through $100bn of its foreign-exchange reserves last month trying to prop up its currency, the yuan.

Sweden lets rip another salvo in the currency wars

Sweden’s Riksbank has pushed interest rates further into negative territory. How long is it before the rest of the world’s central banks follow suit?

The return of the currency wars – now it’s Draghi’s turn

The currency wars are back on. And Mario Draghi has just fired a warning shot in the next round. John Stepek explains what’s going on, and how it affects you.

The Fed wants a weaker US dollar – here’s what that means for your money

The US dollar has a huge influence on the global economy – a stronger dollar makes life harder for just about everyone. John Stepek looks at what this means.

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