Stocks drop, Chinese yuan tops 7.2 against the dollar

Chinese yuan at weakest level since 2008, dollar index strengthens The offshore and inbound Chinese yuan has breached 7.2 against the dollar, hovering at its weakest level since early 2008. The US dollar index also strengthened 0.33% to trade at 114.47. Japan Consumer Inflation May Fall in 2023: Bank of Japan Meeting Minutes Consumer inflation … Read more

Turkey cuts interest rates again despite 80% inflation

The number of Russian tourists to Europe decreased significantly during the summer, but increased in several other destinations, including Turkey (here). Onur Dogeman | soba pictures | Light Rocket | Getty Images Turkey’s central bank surprised markets once again with its decision on Thursday to cut its key interest rate, despite the country’s inflation soaring … Read more