A weakening yuan tests Beijing’s resolve as Trump tariff threats loom

YINAN, CHINA – DECEMBER 26 2024: A worker counts RMB banknotes during a gathering to distribute the yearly dividend to members of an agricultural co-operative in Yinan county in east China’s Shandong province Thursday, Dec. 26, 2024.  Wang Yanbing | Future Publishing | Getty Images The Chinese yuan is widely expected to depreciate against an … Read more

Euro, British pound fall against U.S. dollar as markets brace for Trump

The euro and British pound hit multi-month lows against the U.S. dollar on Thursday, as the fresh trading year kicked off and investors geared up for the return of Donald Trump to the White House this month. The euro was 0.66% lower against the greenback at $1.0285 at 3:50 p.m. in London (10:50 a.m. ET), … Read more

South Korean won cuts losses after motion passed to lift martial law

A television screen shows a news broadcasting of South Korean President Yoon Suk Yeol delivering a speech on emergency martial law, in Goyang, northwest of Seoul, on December 3, 2024. Jung Yeon-je | Afp | Getty Images South Korea’s won on Tuesday cut losses against the U.S. dollar after the country’s parliament swiftly passed a … Read more