Discover how exchange rates influence the economy, affecting job markets, inflation, and costs of goods. Learn about their indirect impacts on everyday life.

Foreign exchange is the largest and most liquid financial market, with nearly $10 trillion changing hands daily. It’s the underpinning for global trade and finance—and its structure is changing as ...

Pacific Basin Notes. This series appears on an occasional basis. It is prepared under the auspices of the Center for Pacific Basin Monetary and Economic Studies within the FRBSF’s Economic Research ...

There is no greater turmoil in the “Seely household” than when it comes to converting funds and trying to determine the movement of a foreign currency exchange rate. Research is done, historical ...

The U.S. current account deficit has been growing for several years, as the country has been importing increasingly more than it has been exporting. In 1992, the current account deficit was 0.8% of ...

This is a joint post by Brad Setser and Mark Sobel, the U.S. Chairman of the Official Monetary and Financial Institutions Forum. The U.S. Treasury’s Semiannual “Foreign Exchange Report” is the main ...

After Japan’s bubble economy burst in the late 1980s and interest rates were subsequently slashed, carry trades and overseas investment boomed. As the Bank of Japan starts to raise Japan’s ...

The International Monetary Fund (IMF) has given a strong vote of confidence to Nigeria’s ongoing economic reforms, acknowledging the Central Bank of Nigeria’s (CBN) decisive measures as key drivers of ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. This is a joint post by Brad Setser and Mark Sobel, the U.S. Chairman of the ...