Dollar

It started picking up strength as soon as betting markets indicated he was winning.

The “currency carry trade” is one way investors chase returns by moving their money from one country to another, and it can move currency markets. It’s emblematic of the power of interest rates to slosh money around the globe, and it may be growing. 

U.S. exports become more expensive overseas, but imported goods become cheaper here in the U.S.

A year ago, U.S. exporters were complaining that the dollar was too strong. Not anymore.

The dollar's strong because the Federal Reserve's been raising interest rates.

Good for U.S. tourists and importers. Bad for exporters and fragile world economies.

But it's great for Americans who want to buy imports.

A strong dollar means lower prices for goods from abroad. For countries that import commodities priced in dollars, however, it's bad news.

One U.S. dollar today is worth about 9.92 Chinese yuan. That’s down nearly 10 percent from where it was last spring. That drop has the attention of Treasury Secretary Steven Mnuchin, who said Wednesday he wants to make sure China is not doing “competitive devaluations.” That’s when a country seeks an advantage by making its […]

Today Venezuela rolls out its new currency – the “sovereign bolivar.” It’s one of several steps the country is taking to curb runaway inflation, which is likely to top 1 million percent this year, according to the International Monetary Fund. What effect will this have on the South American nation’s economy? Click the audio player […]