Meanwhile, with inflation surging as Cuba’s currency is increasingly devalued against the dollar, many people are struggling to even pay for food that could later go bad in a blackout.
—
Andrea Rodriguez,
Fortune,
7 Aug. 2026
Such labor is so often gendered and raced—and accordingly, devalued.
As for how the yen depreciated, Japan's comparatively low interest rates have remained a key factor weighing on the currency.
—
Tiago Ventura,
Time,
3 Aug. 2026
Moreover, while the greenback has held strong amid the ongoing Middle East conflict, many Asian currencies like the Indian rupee and Philippine peso have significantly depreciated.
That tariff rate was later reduced to 15% when the two sides agreed on a trade deal, but uncertainty remains about the stability of that agreement and how imports of certain European goods, such as steel, will be taxed by Washington.
—
Chloe Taylor,
CNBC,
19 Aug. 2026
Traffic on the critical waterway, through which one-fifth of global crude oil typically flows, has reduced to a trickle since the war started in February.
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