The economy contracted 1.2 percent as consumers and businesses were hit with rising import prices.
Tag: Currency
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As Dollar Strengthens, U.S. Students in Europe Feel the Benefits
The pound and the euro are trading at decades-long lows against the dollar. For American students abroad, that has made weekend trips, dinners and theater tickets (somewhat) less of a splurge.
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A Rising Dollar Is Hurting Other Currencies. Central Banks are Stepping In.
The Federal Reserve’s interest rate hikes are unsettling global markets and prompting other central banks to prop up their domestic currencies.
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As Britain’s Economy Stumbles, One Sector Is Booming: Whisky
Scotch whisky exports have soared this year. The weak British pound could spur even more demand for single malt scotch.