Latest Currency markets News

Closing prices for crude oil, gold and other commodities

Sep. 29, 2022 15:32 PM EDT

Benchmark U.S. crude oil for November delivery fell 92 cents to $81.23 a barrel Thursday. Brent crude for November delivery fell 83 cents to $88.49 a barrel. Wholesale gasoline for October delivery fell 7 cents to $2.51 a gallon. October heating oil fell 4 cents to $3.41 a gallon....

UK's Truss defends economic plan that sent pound tumbling

Sep. 29, 2022 14:20 PM EDT

LONDON (AP) — British Prime Minister Liz Truss on Thursday defended her divisive economic plan and shrugged off the turmoil it has stirred in financial markets, saying she’s willing to make “controversial and difficult decisions” to get the U.K. economy growing. In her first...

Closing prices for crude oil, gold and other commodities

Sep. 28, 2022 15:50 PM EDT

Benchmark U.S. crude oil for November delivery rose $3.65 to $82.15 a barrel Wednesday. Brent crude for November delivery rose $3.05 to $89.32 a barrel. Wholesale gasoline for October delivery rose 9 cents to $2.58 a gallon. October heating oil rose 19 cents to $3.45 a gallon....

UK central bank intervenes in market to halt economic crisis

Sep. 28, 2022 13:28 PM EDT

LONDON (AP) — The Bank of England took emergency action Wednesday to stabilize U.K. financial markets and head off a crisis in the broader economy after the government spooked investors with a program of unfunded tax cuts, sending the pound tumbling and the cost of government debt soaring. ...

Lebanon announces hike in fixed exchange rate against dollar

Sep. 28, 2022 12:06 PM EDT

BEIRUT (AP) — The Lebanese Finance Ministry said Wednesday the crisis-hit country will hike its fixed exchange rate against the dollar to 15,000 Lebanese pounds starting in November, calling it a “necessary corrective action.” The Lebanese pound was pegged at just over 1,500...

China's yuan slides to 14-year low after US rate hikes

Sep. 28, 2022 06:53 AM EDT

BEIJING (AP) — China’s yuan fell to a 14-year low against the dollar Wednesday despite central bank efforts to stem the slide after U.S. interest rate hikes prompted traders to convert money into dollars in search of higher returns. A weaker yuan helps Chinese exporters by making...

Asian shares sharply lower after wobbly day on Wall Street

Sep. 27, 2022 23:45 PM EDT

TOKYO (AP) — Asian shares tumbled Wednesday after a wobbly day ended with mixed results on Wall Street as markets churn over the prospect of a possible recession. Tokyo's Nikkei 225 index sank 2.2% to 25,984.51 while the Kospi in Seoul lost 2.8% to 2,161.86. In Sydney, the...

Closing prices for crude oil, gold and other commodities

Sep. 27, 2022 15:24 PM EDT

Benchmark U.S. crude oil for November delivery rose $1.79 to $78.50 a barrel Tuesday. Brent crude for November delivery rose $2.21 to $86.27 a barrel. Wholesale gasoline for October delivery rose 11 cents to $2.49 a gallon. October heating oil rose 13 cents to $3.26 a gallon. October...

British pound stabilizes, but turmoil still roils UK economy

Sep. 27, 2022 13:18 PM EDT

LONDON (AP) — The British pound stabilized Tuesday as U.K. authorities tried to ease investor concerns after the biggest tax cuts in 50 years sent the currency tumbling to a record low and prompted some businesses to predict a devastating combination of a weak currency and rising interest rates....

UK Labour leader accuses government of trashing economy

Sep. 27, 2022 12:19 PM EDT

LIVERPOOL, England (AP) — The leader of Britain’s main opposition Labour Party accused the governing Conservatives on Tuesday of losing control of the economy, and promised to take the U.K. out of an “endless cycle of crisis” if his party regains power after more than a decade. ...