Currencies

China’s clampdown on cryptocurrencies has reportedly taken a new direction – to close down local bitcoin exchanges.

Have you lost a ton of money on the stock market this week? Maybe it’s time to invest in counterfeit currency. (That’s not actual investment advice.) With all the talk of bitcoin kidnapping and hackers stealing our credit card information, it’s hard to believe that good old-fashioned counterfeiting is still a problem. And it’s a …

The price of a barrel of oil is at near 6 1/2-year lows this week as concern over China’s plunging shares and the world’s growth has shaken global markets. Oil prices have been softening since the summer of 2014, recovering slightly this year before falling more than 5 percent on Monday. The decline is bad …

China intervened in the foreign exchange markets in final minutes of trading Wednesday to prevent an excessive fall in the value of the yuan, The Wall Street Journal reported Wednesday. China first intervened in the currency markets on Tuesday, when it unveiled a commitment to set the yuan’s daily fixings according to the previous day’s …

China devalues its currency sending shockwaves throughout the global financial system.

Markets are buzzing about the Chinese government’s surprise decision to devalue their currency, known as the yuan, leading to a 2 percent drop in the yuan’s value in Tuesday trading, the largest one-day decline ever. The question is, what does it mean? The markets—all of the markets—supplied some preliminary answers almost immediately. 1. It gives …

A new Asian currency war and a delayed Federal Reserve rate hike; these are the potential market-shaking implications of Beijing’s decision to devalue the yuan, strategists told CNBC. “If they are true to their word today and this is a new regime for the fixed mechanism, we might think about using the word ‘floating’ associated …

The ripple effects from China’s market drama is being felt far and wide. Among the hardest hit: emerging markets currencies. Read More 3 charts explaining the Chinese stock market Currencies in Latin America, Eastern Europe and Asia were already under pressure this year, and China’s meltdown is just the latest trigger for the selling. “The trend …

What’s the ‘Grexit’ strategy of Europe’s common currency? In a now famous 2012 speech that vowed to do whatever it took to put a floor under the single currency, stocks and bonds, European Central Bank president Mario Draghi said that “the euro is irreversible.” Fast forward three years and that pledge is in doubt. After …

A polite brouhaha has broken out after the Treasury Department said it plans to put a woman on the $10 bill. Former Federal Reserve Chair Ben Bernanke has joined many others in recommending that Andrew Jackson be booted off the $20 note for a woman, rather than Alexander Hamilton off of the $10. Bernanke argued …

The U.S. Treasury said Wednesday it will redesign the $10 bill with a woman’s portrait, a victory for campaigners who have been pushing for the currency to be more inclusive. The final choice of honoree will rest with Treasury Secretary Jack Lew. We want to know what you think. The new $10 bill

The stronger dollar cost corporate America tens of billions of dollars in the first quarter.

The U.S. dollar index is finding upside again after taking a 2½-month break from its big rally. And technical analyst Craig Johnson says he expects big gains for the greenback. “Ultimately what I see happening with a little bit of weakness over the last several weeks here is really just a pullback in what we …

The U.S. dollar‘s recently-halted bull-run has weighed heavily on company dividends across the world this year, with full-year expectations for payments dramatically cut by Henderson Global Investors on Monday. At its peak in March, the dollar was up 11 percent against a basket of currency year-to-date. However, it has since declined, partly as a result …

Denmark is inching closer to becoming the world’s first cashless country after the country’s government proposed that retailers should be allowed to only accept mobile and plastic payments. This month, the Danish government unveiled a series of initiatives that included plans to eradicate laws that require stores to accept physical cash. If parliament gives the …