The Fed is compounding the shock by draining global dollar liquidity at a net annual pace of $2 trillion, that is to say by switching almost overnight from $120bn a …
The magnificent euro is holding up remarkably well (for now) Read More
Lee Hardman, an analyst at MUFG, said that it is “only a matter of time” before one euro is worth less than one dollar, after the bloc’s currency tumbled more …
Euro tumbles to 20-year low against dollar over fears Putin will cut off gas Read More
A depreciation drives up inflation by making imported goods more expensive. For example, a barrel of oil priced in dollars will be more costly because the pound has fallen. A …
Brace for more pain ahead after a plunge in sterling Read More