Latest Currency markets News

Asian shares slide after more losses on Wall Street

Jan. 20, 2022 23:06 PM EST

BANGKOK (AP) — Shares were lower in Asia on Friday after a late afternoon sell-off wiped out gains for stocks on Wall Street. Tokyo fell 1.4% after Toyota Motor Corp. announced production cuts due to parts shortages. Other major regional markets also fell. Oil prices slipped,...

NYC's mayor invests first paycheck in cryptocurrency

Jan. 20, 2022 18:43 PM EST

NEW YORK (AP) — New York City's new mayor, Eric Adams, plans to convert his first paycheck this week into two cryptocurrencies, which he has been hyping as a potential economic engine for the city. The Democrat's office announced Thursday that Adams' first salary payment will be...

Closing prices for crude oil, gold and other commodities

Jan. 20, 2022 15:14 PM EST

Benchmark U.S. crude oil for February delivery fell 6 cents to $86.90 a barrel Thursday. Brent crude for March delivery fell 6 cents to $88.38. a barrel. Wholesale gasoline for February delivery was unchanged at $2.46 a gallon. February heating oil fell 2 cents to $2.67 a gallon....

Turkey's central bank ends string of interest rate cuts

Jan. 20, 2022 09:42 AM EST

ANKARA, Turkey (AP) — Turkey’s central bank kept a key interest rate unchanged on Thursday, halting a string of rate cuts that triggered a currency crisis and sent consumer prices skyrocketing. The bank’s Monetary Policy Committee said it decided to keep its policy rate...

Japan's imports hit record highs on surging energy prices

Jan. 20, 2022 02:37 AM EST

TOKYO (AP) — Japan’s exports and imports both reached record highs in December, largely because of surging oil prices and a weaker yen, the government said Thursday. Japan’s imports last month surged 41% from the same month a year earlier. Exports rose 17.5% from the previous...

Asian stocks rise after China rate cuts, Japan export gain

Jan. 19, 2022 22:20 PM EST

BEIJING (AP) — Asian stock markets rose Thursday after China cut interest rates to shore up flagging economic growth and Japan reported a double-digit rise in exports. Benchmarks in Shanghai, Tokyo, Hong Kong and Seoul advanced. On Wall Street, the benchmark S&P...

Closing prices for crude oil, gold and other commodities

Jan. 19, 2022 15:43 PM EST

Benchmark U.S. crude oil for February delivery rose $1.53 to $86.96 a barrel Wednesday. Brent crude for March delivery rose 93 cents to $88.44. a barrel. Wholesale gasoline for February delivery rose 3 cents to $2.46 a gallon. February heating oil rose 2 cents to $2.69 a gallon....

Turkey's deal with UAE to build foreign exchange reserves

Jan. 19, 2022 04:49 AM EST

ANKARA, Turkey (AP) — Turkey and the United Arab Emirates have agreed to a currency swap deal equivalent to $4.74 billion to boost Turkey’s depleted foreign exchange reserves, the Turkish central bank announced Wednesday. Under the agreement reached between their central banks,...

EXPLAINER: Are Turkey's efforts to fix the economy working?

Jan. 19, 2022 03:03 AM EST

ANKARA, Turkey (AP) — Turkey’s government and central bank have taken unconventional steps in recent weeks to prop up a beleaguered economy crippled by skyrocketing consumer prices, instead of ending a much-criticized plan to cut interest rates. President Recep Tayyip Erdogan’s...

Asian shares mostly lower after retreat on Wall Street

Jan. 18, 2022 23:07 PM EST

TOKYO (AP) — Asian shares fell in cautious trading on Wednesday after stocks on Wall Street sank to a new low for the year. Tokyo, Shanghai, Seoul and Sydney were lower while Hong Kong edged higher. Technology shares led the decline Tuesday on Wall Street....