Dollar

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 […]

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 […]

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 […]

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.

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. […]

 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 […]

The president isn't the only one looking for answers.