currency

After Hurricane Fiona, Avocados Became Currency in Puerto Rico

After Hurricane Fiona, Avocados Became Currency in Puerto Rico

Magaly Vázquez and Pedro Lugo, with avocados and bananas friends gave them after Hurricane Fiona knocked down much of the island’s fruit. Adrian Florido/NPR hide caption toggle caption Adrian Florido/NPR Magaly Vázquez and Pedro Lugo, with avocados and bananas friends gave them after Hurricane Fiona knocked down much of the island’s fruit. Adrian Florido/NPR LAJAS, …

After Hurricane Fiona, Avocados Became Currency in Puerto Rico Read More »

From the Fed to the currency crisis in Europe, here's what's behind this massive sell-off in financial markets

From the Fed to the currency crisis in Europe, here’s what’s behind this massive sell-off in financial markets

Trader on the floor of the NYSE, June 7, 2022. Source: NYSE Stocks fell sharply, bond yields rose and the dollar strengthened on Friday as investors heeded the Federal Reserve’s signal that its battle with inflation could lead to much higher interest rates and a recession. Friday’s selloff was global, in a week the Fed …

From the Fed to the currency crisis in Europe, here’s what’s behind this massive sell-off in financial markets Read More »

Japan steps in to bolster yen as 'reverse currency wars' escalate

Japan steps in to bolster yen as ‘reverse currency wars’ escalate

Japan stepped in to strengthen the yen for the first time in 24 years as a trio of European central banks raised interest rates, underscoring the disruptive impact of inflation on currencies and monetary policy. Rising inflation to multi-decade highs in much of the world has led to sharp increases in borrowing costs, with seesaw …

Japan steps in to bolster yen as ‘reverse currency wars’ escalate Read More »

The yen strengthens after Japan supported its currency for the first time since 1998

The yen strengthens after Japan supported its currency for the first time since 1998

Join now for FREE unlimited access to Reuters.com Register “We have taken decisive action,” says Japan’s vice finance minister Dollar/yen has widest gap between daily high and low since 2016 British Pound, Swiss Franc and Norwegian Krone Slip After Moderate Rate Hikes The dollar hits a new multi-year high against the British pound and the …

The yen strengthens after Japan supported its currency for the first time since 1998 Read More »