Currency


U.S.-China Trade Hopes Lift Shares, Turkey Test Awaits

World markets calmed after signs of movement in the U.S.-China trade stand-off and ahead of major central bank meetings on Thursday, including emerging market trouble spot Turkey. News that President…

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Iranian Rial Hits Record Low at 128,000/USD

The Iranian rial hit a record low against the U.S. dollar on the unofficial market on Monday amid a deterioration in the economic situation and the reimposition of sanctions by…

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Iranian Parliament Removes Finance Minister From Office

Iran’s parliament voted Sunday to fire the country’s finance minister amid an economic freefall fanned by America’s withdrawal from the nuclear deal with world powers, dealing another blow to President…

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Asia Shares Nudge Up With Yuan, Wary on Sino-U.S. Talks

Most Asian share markets crept cautiously higher on Monday as investors awaited developments on proposed Sino-U.S. trade talks and the Chinese yuan rallied away from alarming lows. Spreadbetters pointed to…

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Turkish Lira Rebounds After Qatar Pledges $15B

The Turkish lira continued to rebound from record losses on Thursday a day after Qatar pledged $15 billion in investments to help Turkey’s economy. The currency strengthened some 2 percent…

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