Add Yahoo as a preferred source to see more of our stories on Google. Iranian traders and shopkeepers staged a second day of protests Monday after the country’s currency plummeted to a new record low ...

NY Fed signals potential dollar intervention to support Japanese yen. Strategy could trigger intentional USD devaluation and market shifts.

Back in 2022 the Federal Reserve raised fed funds rates (the interest rate banks pay to borrow over night) an astounding 525 basis points (bps). Two very destructive things happened. First, bank ...

The Libyan central bank devalued the dinar by 13.3 percent, the second such move in five years — Mahmud Turkia Already worn down by years of political turmoil and economic hardships, Libyans are now ...

Any attempt made by the CBN to close the gap between the parallel market and the interbank rates would require the apex bank to devalue the naira by a minimum of 25 per cent. The persistent decline of ...

Bank customers will be anxiously waiting for the outcome of the meeting as it could determine the fate of the economy for at least the next three months In recent weeks, financial experts have called ...

Bridgewater Associates founder Ray Dalio once said, "Cash is trash," and, "Get out of cash." Evidently, he was concerned about the erosion of the value of the U.S. dollar (USD) and how this could ...