Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Egyptian stocks have gone on a furious bullish run since the country devalued ...
Whenever a country gets itself into big trouble, a certain cadre of economists insists that all can be made right again if the government would just devalue the currency. We have been devaluing ...
Shockwaves from China’s yuan devaluation will be felt by all kinds of investors, and will likely prompt questions from U.S. politicians. Heard on the Street’s Aaron Back and Abheek Bhattacharya ...
While the word “devaluation” grabs headlines, what China did last week was enter into a new currency regime, one that is largely market-driven. Beijing is testing the yuan’s true value.
The national currency is the most devalued local currency in Latin America, according to the Big Mac Index published by the British media The Economist. This is a report called the Big Mac Index, ...
Donald Trump may very well have a field day with today’s currency news, as analysts predict. But he shouldn’t. China’s central bank devalued the country’s currency, the renminbi, by about 2% against ...
Veteran investor Mark Mobius said investors should have 10% of a portfolio in gold as currencies will be devalued following the unprecedented stimulus rolled out to fight the coronavirus pandemic. At ...