currencies

Japan has just decided that Bitcoin is not a currency, which subjects it to sales and income taxes. This is consistent with the view of the Canadian Revenue Service, which has found Bitcoin to be property and not a legal currency, and the…

By Marc Chandler - This week, investors should brace for a re-escalation of tensions in Crimea and China - There are four sources of heightened tensions with the Crimean crisis - Weekend news from China played on fears that the yuan is…

Capital outflows from Russia seem to be picking up steam. These outflows - combined with the central bank's "weaker ruble" policies and the Ukrainian tensions - are all fueling the ruble sell-off. The ruble resumed its slide this week,…

Ukraine's financial situation continued to unravel today as the currency gave up another 10% - and seems to be in free fall.

The two main drivers of the capital markets today have been the biggest one day loss in the Chinese yuan and new that the preliminary Eurozone February CPI did not tick down as many expected. The headline rate was unchanged at 0.8%, though…

Spot USD/CNY closed above the fix today for the first time since September 2012. Other factors are at work in China currently, making it even harder to read the true intentions of Chinese policymakers. All of these developments come against…

The value of the pound in 1945 was too high even for Britain as it was then, let alone now. It is time to put the past behind us, and move on.

Here are some brief thoughts on the monetary system’s role in repeated economic crisis in the last 40 years.

Given the difficulty in obtaining reliable data out of China, what other evidence do we have that the nation's economy is actually slowing? Here are four signs that seem to support the "slowdown" thesis.

Canada reported dreadful December retail sales and somewhat stronger than expected price pressures in January. The main take away is that a more dovish line from the central bank when it meets on March 5 is likely avoided.