Latest Currency markets News

EXPLAINER: Turkey's currency is crashing. What's the impact?

Dec. 03, 2021 04:43 AM EST

ANKARA, Turkey (AP) — Turkey’s beleaguered currency has been plunging to all-time lows against the U.S. dollar and the euro in recent months as President Recep Tayyip Erdogan presses ahead with a widely criticized effort to cut interest rates despite surging consumer prices. ...

World shares mostly higher after broad rally on Wall Street

Dec. 03, 2021 03:48 AM EST

BANGKOK (AP) — Stocks were mostly higher in Europe and Asia after a broad rally on Wall Street as investors awaited U.S. employment and other data due out Friday. Concerns over the spread of the new coronavirus variant and measures governments are taking to restrain it...

Asian shares mixed after broad rally on Wall Street

Dec. 02, 2021 22:52 PM EST

Stocks were mixed in Asia on Friday after a broad rally on Wall Street as investors kept an eye on the spread of the new coronavirus variant and measures governments are taking to restrain it. Hong Kong slipped more than 1% while Tokyo edged lower. Shanghai and Seoul...

Closing prices for crude oil, gold and other commodities

Dec. 02, 2021 15:29 PM EST

Benchmark U.S. crude oil for January delivery rose 93 cents to $66.50 a barrel Thursday. Brent crude for February delivery rose 80 cents to $69.67 per barrel. Wholesale gasoline for January delivery rose 2 cents to $1.97 a gallon. January heating oil rose 2 cents to $2.10...

Tel Aviv is priciest city, outranking Paris in new report

Dec. 02, 2021 11:30 AM EST

TEL AVIV, Israel (AP) — Residents of Israel’s seaside metropolis Tel Aviv have for years complained of how expensive it is, with living costs taking a chunk out of their paychecks. Now a new report affirms their dissatisfaction with the prices. Tel Aviv has emerged as...

EU fines 4 banks $390M in foreign exchange trading cartel

Dec. 02, 2021 06:00 AM EST

BRUSSELS (AP) — The European Union said Thursday that it has fined four major banks a combined $390 million for colluding in a foreign exchange spot trading cartel that allowed them to beat inherent risks in currency deals. HSBC received the biggest fine of almost $200...

Asian markets mixed after Wall St decline, virus unease

Dec. 01, 2021 23:38 PM EST

BEIJING (AP) — Asian stock markets were mixed Thursday after a turbulent day on Wall Street as traders tried to forecast the impact of the coronavirus's omicron variant. Shanghai and Tokyo fell while Hong Kong and Seoul advanced. Wall Street's...

Asian markets mixed after Wall St decline, virus unease

Dec. 01, 2021 23:25 PM EST

BEIJING (AP) — Asian stock markets were mixed Thursday after a turbulent day on Wall Street as traders tried to forecast the impact of the coronavirus's omicron variant. Shanghai and Tokyo fell while Hong Kong and Seoul advanced. Wall Street's...

Mexico president reaches midterm with high approval rating

Dec. 01, 2021 20:51 PM EST

MEXICO CITY (AP) — Mexican President Andrés Manuel López Obrador held a massive rally in Mexico City Wednesday to mark the midway point in his six-year term with polls showing that about two-thirds of Mexicans approve of the job he is doing. López Obrador’s...

Closing prices for crude oil, gold and other commodities

Dec. 01, 2021 15:41 PM EST

Benchmark U.S. crude oil for January delivery fell 61 cents to $65.57 a barrel Wednesday. Brent crude for February delivery fell 36 cents to $68.87 per barrel. Wholesale gasoline for January delivery fell 3 cents to $1.95 a gallon. January heating oil rose 2 cents to...