Federal Reserve

China Calls Strong U.S. Dollar a ‘Crisis’

China’s state-run Global Times on Tuesday denounced the strong U.S. dollar as a “crisis” for the rest of the world because it increases the “financial risks facing emerging markets” and allegedly makes it harder for other nations to implement anti-inflationary policies.

Face to face of US dollar banknote and China Yuan banknote

South Korean Stock Market Drops to One-Year Low

South Korean stock market shares dropped by slightly over two percent on Monday to reach a one-year low, Yonhap News Agency reported, noting the development came amid increased concern among Asian investors that a global economic recession may be on the horizon.

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, June 15, 2022. Asian stock markets were mixed Wednesday ahead of the Federal Reserve's announcement of how sharply it will raise interest rates to cool U.S. inflation. (AP …