Euro zone GDP data returns better than expected, lifting the euro, as the dollar weakens after interest rate cuts by the Federal reserve.
Restaurateur Mehmet S. Tezcakin has been collecting Ottoman and Turkish currency for over 40 years. He now thinks his collection should be preserved Turkey’s Presidential Library.
The yuan has now weakened around 1.5 percent since US President Donald Trump threatened last Thursday to impose more tariffs on Chinese goods from September 1.
Governments in several countries have blamed speculators for influencing the exchange rate without any economic justification.
A newspaper report said Italy's Economy Minister Giovanni Tria was "ready to leave" before a spokeswoman for the ministry denied that the minister planned to quit.
Turkey is the world's biggest hazelnut producer. But this year, floods and currency fluctuations are eroding farmers profits.
"If they have their iPhones, the others have their Samsung [phones]. In our country, we have Venus and Vestel," says Turkish President Erdogan while announcing boycott of US electronic goods amid an ongoing rift between the two NATO allies.
Iran’s rial may have halved in value since the Trump administration shunned nuclear deal, but changes aim to boost the currency before US sanctions return this week.
Markets in China, Japan, Australia and South Korea all declined while the Japanese yen rose against the dollar as currency traders looked for a safe haven.
The Riyadh government says the funds will be deposited in Yemen's central bank to help address the "deteriorating economic situation faced by the Yemeni people."
The clampdown in South Korea, a crucial source of global demand for cryptocurrency, comes as policymakers around the world struggle to regulate an asset whose value has skyrocketed over the last year.
We are dedicating this edition of Tech Week to the skyrocketing Bitcoin phenomenon.
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