Currency Devaluation

Iran approved a monetary overhaul Sunday to remove four zeros from the nation’s currency following years of high inflation. Iranian Rial Undergoes Redenomination The Iranian Parliament sanctioned a monetary reform that will phase out four zeros from the country’s national currency...

Futures Indicate Lower Open on Imminent Cliff U.S. equity futures were higher but the Futures-Fair Value was lower, indicating a lower open for Wall Street Monday. Late Friday, futures crashed as investors feared that politicians were heading into the weekend neither with a deal nor a framework...