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Marketplace Morning Report

Democratizing airport food

Jun 18, 2019

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Dollar could slide in 2019

by Tracey Samuelson Jan 2, 2019
The U.S. dollar had a pretty hot year in 2018: The Wall Street Journal’s Dollar Index put it up 4.3 percent last year against a basket of 16 other currencies. But up in 2018 may mean down in 2019, as…
A close up shot shows a one US dollar bill placed on a table in Tehran on April 10, 2018. 
ATTA KENARE/AFP/Getty Images

Here are some reasons why China's currency is sinking

by Tracey Samuelson Oct 10, 2018
One U.S. dollar today is worth about 9.92 Chinese yuan. That’s down nearly 10 percent from where it was last spring. That drop has the attention of Treasury Secretary Steven Mnuchin, who said Wednesday he wants to make sure China…
An employee counts 100-yuan notes at a bank in Nantong in China's eastern Jiangsu province on July 23, 2018.
AFP/Getty Images

Is the Fed causing turmoil in emerging markets?

by , and Aug 31, 2018
How U.S. interest rates cause trouble in Turkey, Argentina, and beyond
Chris McGrath/Getty Images

For U.S. travelers to the U.K. and the eurozone, currency conversion conundrum

by Judith Kogan Aug 22, 2018
U.S. travelers to the U.K. and the eurozone face two currency hurdles: calculating pound and euro prices in dollars, and dealing with the higher cost of goods and services over there. How do they cope? With a little magical thinking. …

Venezuela launches new currency, but problems remain

by Dan Gorenstein Aug 20, 2018
Today Venezuela rolls out its new currency – the “sovereign bolivar.” It’s one of several steps the country is taking to curb runaway inflation, which is likely to top 1 million percent this year, according to the International Monetary Fund.…
A man shows new five Bolivar-notes in Caracas on Aug. 20, 2018.
FEDERICO PARRA/AFP/Getty Images

How strong is the U.S. dollar's position as a reserve currency?

by Kimberly Adams Aug 15, 2018
Russian officials were in Turkey on Tuesday, talking with the government there about possible solutions for Turkey’s currency crisis. Both countries are also facing U.S. sanctions, so one idea they floated: Stick to their own national currencies for trade and avoid…
The dollar is an international currency — a common denomination for global business. 
Yasin Akgul/AFP/Getty Images

Why the Turkish lira’s downfall scares investors

by Justin Ho Aug 13, 2018
The economic crisis in Turkey deepened this morning, despite moves by central bank officials in Ankara to calm the flight from the currency. The Turkish lira has lost 39 percent of its value since the beginning of the month. And…
A woman poses for a photograph with Turkish Lira currency on Aug. 13, 2018 in Istanbul, Turkey.The lira hit another record low overnight forcing Turkey's Central Bank to act to curb the lira's collapse however the action was not enough to subdue investors fears over the countries financial crisis. 
Chris McGrath/Getty Images

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As Turkey’s currency tumbles, contagion fears rise

by Reema Khrais Aug 10, 2018
Turkey’s currency, the lira, is in free fall. It’s been declining for months and today it reached a record low, down by as much as 18 percent. Part of the reason is Turkey’s bad relations with the United States. The…
Turkish Lira currency is seen on November 21, 2017 in Istanbul, Turkey.
Chris McGrath/Getty Images

Turkey shaken by financial fears, Trump rattles it further

by Associated Press Aug 10, 2018
Trump tweeted that he had authorized the doubling of steel and aluminum tariffs “with respect to Turkey.”
A view of Turkish Lira.
iStock/Getty Images

Decline of China’s currency lessens bite of U.S. tariffs

by Amy Scott Aug 2, 2018
The trade story of the day is actually more of a currency story. As you know, the Trump administration has proposed another round of tariffs on some $200 billion worth of Chinese products — ranging from tobacco to dog food to…

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