You Searched For "currency wars" and got 20 results
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2 mins read
North Korean troops will become 'cannon fodder' if they join Russia's war against Ukraine, South Korea says
South Korea's remarks echo what Ukraine and the US have said about Russia's war of attrition in Ukr…
Kwan Wei Kevin Tan
2 mins read
BRICS' new declaration shows Russia's war still can't get the international backing that Moscow wants
The war was only mentioned once in the 43-page summary, while BRICS devoted five paragraphs to crit…
Matthew Loh
3 mins read
War with Ukraine is the only thing preventing Russia from entering an immediate recession, economists say
Russia's war efforts are masking issues with inflation, currency, and oil revenue, economists told …
Jennifer Sor
5 mins read
What the West's foes may be learning from the Ukraine war
Russia's supporters, like Iran, China, and North Korea, are also drawing valuable lessons from the …
Jake Epstein
2 mins read
The Chinese yuan has helped fund Russia's trade and war machine — but those days may be numbered
Russia is looking into alternative payments infrastructure — which a top Russian banker said should…
Huileng Tan
1 min read
Russia says it will halt foreign currency purchases and launch a digital ruble to keep the currency from spiraling further
Russia's currency has plunged to its lowest level against the dollar since the Ukraine invasion, bl…
Jennifer Sor
2 mins read
The US crackdown on Russian trade is working as Putin struggles to fund his war
Trade volumes from partners such as Turkey and China have slagged in the first quarter, as foreign …
Filip De Mott
1 min read
Why the Israeli shekel is the world's best performing currency against the US dollar this month
The shekel rose 8.8% from a 11-year low last month, as short sellers left and the Bank of Israel so…
Filip De Mott
2 mins read
The dollar's dominance is here to stay as China's zero-COVID strategy hurts the yuan, a Morgan Stanley strategist says
The dollar seems like "the cleanest dirty shirt" as the world economy deals with slowing growth and…
Harry Robertson
2 mins read
Ukraine's central bank has devalued the nation's currency by 25% against the dollar in a bid to shore up its war-torn economy
Central-bank officials want to improve the competitiveness of Ukraine's economy, as a soaring US do…
Amanda Cooper
1 min read
Currency traders are piling into bets against Israel's shekel following the Hamas attack
Traders are shorting the Israeli currency, which has fallen nearly 5% against the US dollar since H…
George Glover
1 min read
Russia distances itself from the US dollar further as it moves to trade oil with India using the UAE's local currency: report
Russia is insulating itself from Western sanctions as it trades oil in currencies other than the do…
Phil Rosen
1 min read
The dollar and euro are less than a penny away from reaching parity for the first time in 20 years
On Monday, the euro exchange rate was down 0.9% to $1.009. And over the last 12 months, the euro ha…
Phil Rosen
1 min read
The Russian ruble is the world's top-performing currency but its strength masks serious problems in the economy, says political scientist
"The strong ruble only reflects the fact that there is no use for foreign currency in Russia right …
Phil Rosen
1 min read
The Russian ruble is the world's top-performing currency but its strength masks serious problems in the economy, says political scientist
"The strong ruble only reflects the fact that there is no use for foreign currency in Russia right …
Phil Rosen
1 min read
Russia could make the dollar less attractive with negative interest rates on deposits to help elevate China's yuan and other currencies
Sanctions have increased the appeal of alternatives to the dollar and euro, Russia's central bank s…
Phil Rosen
2 mins read
Russia's central bank slashes interest rates to 11% as it tries to tame the rampant ruble
The central bank and government are now worried the rally in the ruble has gone too far, after prop…
Harry Robertson
1 min read
Russia says it will use rubles to pay dollar bonds after the US ended a sanctions waiver
Russia is staring down an "artificial situation created by an unfriendly nation," Finance Minister …
Phil Rosen
1 min read
Russia's ruble continues to rally despite Moscow easing a key capital control, pushing the world's top-performing currency even higher against the dollar
"The ruble is strengthening at a crazy pace," the president of Belarus said at a meeting with Putin…
Phil Rosen
1 min read
Russia's ruble is having a banner year, but Moscow may ease a capital control that helped make it the world's top currency against the dollar, report says
Russian exporters may soon be required to convert 50% of their hard-currency revenue to rubles, dow…