Currencies
Currencies News
Dollar Weakens Before Retail Sales; Aussie, Kiwi Rally on China
The dollar weakened against all but two of its 16 major peers before a report tomorrow forecast to show U.S. retail sales stalled last month. Australia’s currency rose to a four-week high after China trade surged.
Kazakh Devaluation Shows Currency War Stirring as Ruble Dips
Two years after Russia, Kazakhstan and Belarus formed a trade pact, a currency war is breaking out between the former Soviet republics.