Currencies

Article Index

With Oil, Uranium and Gold, There’s Nothing Crazy About This Canadian Loonie Tune

By , Money Morning -

By Martin Hutchinson Director of Global Investing Research The Canadian dollar – also known as “The Loonie” – moved above $1 last week, an extraordinary turnabout for a currency that was languishing down around $0.62 in January 2002. Americans are used to acting somewhat condescending toward their northern neighbor, but in this period of high […]

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Canadian Dollar Reaches Par Against the Greenback

By , Money Morning -

From Staff Reports The Canadian dollar rose to parity against the U.S. dollar for the first time since 1976 yesterday (Thursday), supported by surging oil prices and broad weakness in the greenback, the Financial Times reported. RBC Capital Markets analyst Adam Cole expects the Canadian dollar to continue its upward trajectory. The reason: “Canada produces […]

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Investments For A Weak Dollar World

By , Money Morning -

By Martin Hutchinson Director of Global Investing Research The European euro hit a record value of $1.39 this past week, and the Japanese yen strengthened again to 114 to the dollar, well above the 120 it’s traded at most of the year. The British pound Sterling is at $2.03, back to levels it hadn’t seen […]

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Euro Debt Market Faces 'Pivotal' Test With $140 Billion Maturing

By , Money Morning -

From Staff Reports Companies in Europe face a situation in which they need to refinance nearly $140 billion worth of commercial by the end of next week, according to Deutsche Bank AG, Germany's biggest bank. This will increase corporate borrowing costs. According to Bloomberg News, Deutsche Bank Credit Strategist Jim Reid wrote in a research […]

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Asian Markets: Pounded in Friday, Soar Today

By , Money Morning -

From Staff Reports Asian shares were pounded Friday in the wake of continued turmoil in the global credit markets. But then they soared today (Monday) in a powerful rebound, fueled by the U.S. central bank's interest-rate action on Friday. In Japan, shares suffered their worst single-day decline in seven years - with heavy selling in […]

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China Insists it Won't Dump its Dollars

By , Money Morning -

From Staff Reports China's ambassador to the United States has taken steps to assure Congressional leaders that China has no plans to dump its U.S. dollar reserves as a way of retaliating against the United States for its attempts to strong-arm China into revaluing the Chinese Yuan currency, according to published reports. “I'd like to […]

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Investing With Caution During a Global Financial Crisis

By , Money Morning -

By Martin Hutchinson Chief Global Investing Strategist In the last week, a bank in Germany and another in France got themselves into deep trouble by speculating on the U.S. sub-prime mortgage market. And yesterday (Thursday), the European Central Bank was forced to inject no less than $130 billion into the world monetary system. Stock prices […]

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