I was hoping someone could help me understand this as FX and currencies aren't my bag:
Due to inflation, banks in Iran are now offering interest rates of ~20%, and from what I've read this has been going on for a while.
On the other hand, the Iranian Rial (IRR) with respect to the dollar...
JPM earnings come out tomorrow at 7:00am, so I assume many wanted to jump ship; if you're holding UYG, XLF, or other financials you may want to preemptively lube up for tomorrow, it may hurt.
From the Archive
Op-Classic, 1990: Gloom at the Stock Exchange
By HENRY KAUFMAN
Every week, the Opinion section presents an essay from The Timesâs archive by a columnist or contributor that we hope sheds light on current news or provides a window on the past.
In 1990, in the wake of...