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 ...

After a roller-coaster year, China’s yuan looks set for a steadier 2020, boosted by the limited trade deal between the U.S. and China that canceled some planned tariffs and cut some existing levies.

John Hawkins was formerly a senior economist at the Bank for International Settlements. Reports of the death of the US dollar appear to be greatly exaggerated (like that of author Mark Twain). Global ...