The pound and the euro are trading at decades-long lows against the dollar. For American students abroad, that has made weekend trips, dinners and theater tickets (somewhat) less of a splurge.
Tag: Currency
With Economy Reeling From Ukraine War, Egypt Secures $3 Billion I.M.F. Loan
The local currency had tumbled against the dollar, and food and energy prices soared in the wake of Russia’s February invasion of Ukraine, adding to the struggles of millions of Egyptians.
Lessons From Liz Truss’s Handling of U.K. Inflation
The sharp policy U-turn by Liz Truss, Britain’s prime minister, reveals the perils of taking the wrong path in the fight against scalding inflation.
Strong Dollar Is Good for the US but Bad for the World
The Federal Reserve may have no choice but to wage a relentless inflation fight, but countries rich and poor are feeling the pain of plunging currencies.
Your Friday Briefing: Men Flee Russian Conscription
Plus Japan props up the yen and Cambodia concludes its Khmer Rouge trials.
Desperate Clients Hold Up Lebanese Banks to Get Their Own Cash
The holdups are becoming increasingly common, with five on Friday alone as a financial crisis and a freeze on bank withdrawals push some depositors to the brink.
King Charles to Replace Queen Elizabeth on Bank Notes and Coins
Queen Elizabeth II faced right on British coins. Her son and successor might face the other way.
Why Many in Argentina Continue to Bet on Cryptocurrency
Even though cryptocurrencies have lost value, many Argentines see them as a less risky choice than their own currency, whose worth has plunged as inflation has soared.
Global Central Banks Ramp Up Inflation Fight
Central banks in the U.S., Europe, Canada and parts of Asia are lifting interest rates rapidly as they try to wrestle breakneck inflation under control.
British pound and stocks rise as vote on prime minister washes over markets.
Markets are moved more by global concerns, like the war in Ukraine, than by domestic political infighting.