🖤 Donations of all sizes power our public service journalism Give Now

And now, a currency war?

Jul 20, 2018
President Donald Trump today accused Beijing of manipulating its currency. This is not a new charge. But what has occurred is an 8 percent fall in the Chinese currency against the dollar since the trade spat began in the spring. That helps Chinese exporters, because it effectively makes their products cheaper.   Click the audio […]
A man looks at information posted on a bank door showing how to distinguish real banknotes in Beijing on July 20, 2018. - China's yuan continued its steady decline on July 20, defying US President Donald Trump's warning over the dollar's rise and providing Beijing with a buffer against punitive trade tariffs imposed by Washington. 
WANG ZHAO/AFP/Getty Images

Turkey raises interest rates to stem currency crisis

May 23, 2018
The Turkish lira has been on a wild slide recently. It dropped 5 percent against the dollar Wednesday, its biggest loss in nearly a decade, before the country’s Central Bank stepped in with an emergency meeting that reversed some of those losses. The bank finally did something it’d been resisting. Something its president had been […]

Inflation pressure evident at producer level

Feb 15, 2018
The producer price index for January rose 0.4 percent month-to-month, and 2.7 percent year-to-year. Core producer prices, excluding volatile food and energy prices, were up 2.2 percent year-to-year. Producer prices remained muted after the Great Recession as economic growth was sluggish, but upward price pressure appears to be building at both the wholesale and retail […]

What it means when the dollar and the market diverge

Aug 25, 2017
The U.S. stock markets have been doing well, and President Trump is quick to link his time in office to market highs. But at the same time the dollar has been dropping, losing more than 8 percent of its value against six major currencies since January. That divergence can be significant for retailers, manufacturers, and […]

Here’s why the dollar is losing ground to other currencies

May 17, 2017
Until yesterday, stocks seemed pretty immune to the noise out of Washington. But the dollar? Different story. The past week has not been kind to the U.S. currency. It’s at a seven-month low, in fact. Here’s why the dollar is so sensitive to the news. Click the audio player above to hear the full story.

Theory versus reality on the border adjustment tax

Mar 3, 2017
The border adjustment tax being championed by House Republicans would increase taxes on imports and make it cheaper to export American-made goods. Businesses who support it contend that it would even the playing field between foreign products and those made in the U.S. Opponents argue a BAT would make many popular retail goods prohibitively expensive. […]

For public good, not for profit.

The greenback challenges Donald Trump’s agenda

Mar 2, 2017
 The U.S. dollar is moving full steam ahead. It’s on its longest winning streak since May. That’s because investors like U.S. economic fundamentals and because they’re betting on an interest-rate hike by the Federal Reserve in March. But the rising dollar is creating problems for President Donald Trump. Click the audio player above to hear […]

Strong or weak? A hard call, when it comes to currency

Feb 8, 2017
The president isn't the only one looking for answers.

Surprise. China is not a currency manipulator

Dec 5, 2016
Donald Trump has repeatedly said the opposite. Here's why he's wrong.
A post office employee counts Chinese yuan at a post office branch set up inside Beijing's Great Hall of the People during the National People's Congress on March 7.
GREG BAKER/AFP/Getty Images