U.S. Dollar Barely Holding onto Gains
The U.S. Dollar gave back over 50 % of its early morning gains as investors took profits after a strong two - day rise.
Not exact matches
Royal Bank economist Paul Ferley says now is the time for Canadian exporters to aggressively pursue opportunities to sell in the
U.S. «[Where] they may have found they were getting outbid earlier on... they may find now that they're more competitive,
given the weakening of the Canadian
dollar,» he says.
Venezuela's offering accepted transactions in
U.S. dollars and euros, meaning that Venezuelan citizens are forbidden from participating
given a ban on buying foreign currency.
The common currency rose to a two - and - half year high against the
dollar on doubts over the
U.S. currency but also after European Central Bank President Mario Draghi
gave two speeches last week with no indications about the bank's next steps for monetary policy.
Given more latitude, China's currency could rival the
U.S. dollar.
U.S. economic growth and the expectation for higher interest rates should also
give the rally in the
dollar more fuel, said Gina Sanchez, CEO of Chantico Global.
Poloz often observes that a stronger
U.S. dollar might hurt American exporters, but is good for the rest of the world because it
gives other countries a chance to share stronger
U.S. demand.
He
gave his take on today's jobs report, the weak
U.S. dollar and his upcoming trip to China.
Given the recent weakness in the
dollar, the modest acceleration in hourly wages and stable leading indicators, for now my view is that the
U.S. economy will continue to expand in the coming quarters.
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It would have been even worse had the
U.S. dollar weakened as well, but
given some very poor economic news from overseas, the
dollar held fairly steady.
The jump in international purchases follows a year - ago retreat and comes as a surprise,
given the current strength of the
U.S. dollar.
While
U.S. economic data has not
given the
dollar much reason to extend gains, data from the Eurozone has surely not done the euro any favors.
And while a gridlocked federal government hasn't done much to stimulate the economy, Paulsen said the weakening
dollar and falling interest rates could
give U.S. businesses, especially technology companies, a big boost.
So Europeans and Asians see
U.S. companies pumping more and more
dollars into their economies, not only to buy their exports in excess of providing them with goods and services in return, and not only to buy their companies and commanding heights of privatized public enterprises without
giving them reciprocal rights to buy important
U.S. companies (remember the
U.S. turn - down of Chinas attempt to buy into the
U.S. oil distribution business), and not only to buy foreign stocks, bonds and real estate.
As I've already noted, Fed policies have significant effects internationally,
given the central place of
U.S. markets in the global financial system and the
dollar's status as the leading global reserve currency.
When the
U.S. payments deficit pumps
dollars into foreign economies, these banks are being
given little option except to buy
U.S. Treasury bills and bonds which the Treasury spends on financing an enormous, hostile military build - up to encircle the major
dollar - recyclers China, Japan and Arab OPEC oil producers.
The
U.S. dollar nosedived after a recent speech by Federal Reserve Chair Janet Yellen
gave no indication about the direction of monetary policy.
The Canadian
dollar accounts for only 2.2 per cent of total foreign currency trade flow in a
given day, according to the latest major trade volume report put out by the Bank for International Settlements, whereas the
U.S. dollar comprises 45.1 per cent and the euro 19.4 per cent.
Expectations for strong
U.S. jobs data on Friday have been maintaining a bid for
dollars, while timely survey data show that a cooling in economic growth is afoot, and ECB President Draghi
gave dovish - tilting remarks following the central bank's April policy review last week.
We can't predict the timing of a
dollar reversal, but it may not be smooth
given that short
U.S. dollar positions are the most crowded since September 2017, according to BlackRock's Risk and Quantitative Analysis Team.
Given that much of the volatility and underperformance over the past three years is due to the strong
U.S. dollar, money has poured into international stock ETFs that hedge against the
dollar.
In this segment of the Motley Fool Money podcast, host Chris Hill, Million
Dollar Portfolio's Jason Moser and Matt Argersinger, and Hidden Gems Canada's David Kretzmann
give their hot takes on McDonald's (NYSE: MCD), which is having no trouble at all getting customers through its doors, with 4.5 % same - store sales growth in the
U.S. and even better numbers globally.
These nascent signs of stabilization is encouraging,
given the sector had long been battered by the effects of
dollar appreciation (soft demand for
U.S. exports) and cut - backs from the commodity rout.
As usual, I don't place too much emphasis on this sort of forecast, but to the extent that I make any comments at all about the outlook for 2006, the bottom line is this: 1) we can't rule out modest potential for stock appreciation, which would require the maintenance or expansion of already high price / peak earnings multiples; 2) we also should recognize an uncomfortably large potential for market losses, particularly
given that the current bull market has now outlived the median and average bull, yet at higher valuations than most bulls have achieved, a flat yield curve with rising interest rate pressures, an extended period of internal divergence as measured by breadth and other market action, and complacency at best and excessive bullishness at worst, as measured by various sentiment indicators; 3) there is a moderate but still not compelling risk of an oncoming recession, which would become more of a factor if we observe a substantial widening of credit spreads and weakness in the ISM Purchasing Managers Index in the months ahead, and; 4) there remains substantial potential for
U.S. dollar weakness coupled with «unexpectedly» persistent inflation pressures, particularly if we do observe economic weakness.
Even as China has moved to a basket of currencies to provide a mechanism to de-couple from the
dollar, we see neither China nor the rest of Asia
giving up trying to sell to the
U.S. consumer anytime soon.
The
U.S. Dollar is trading higher at themid - session but
giving back some of its earlier gains.
This is especially true
given the relative strength of the
U.S. dollar, which makes Chinese good cheaper in
dollar terms.
John Williams explains why he believes the dramatic decline of the
U.S. Dollar will be the primary cause for hyperinflation and
gives his view on owing gold.
The
U.S. dollar weakened against most of the other majors today after
giving up early - session gains.
This
gives an automatic edge in strength to the
U.S. dollar, simply because a higher rate usually means a stronger greenback.
But why does the
U.S. Government
give millions of
dollars to Israel?
Federal prosecutors have subpoenaed records involving former
U.S. Sen. Alfonse D'Amato and other top Long Island political figures as part of a wide - ranging grand jury investigation into the finances of three prominent local foundations that have
given out millions of
dollars.
The reason the
U.S. is bankrupt today is in part because of the collusion between Washington and Hollywood in war glorification going all the way back to WW2 which brainwashed the public into
giving the government it's power go to war, kill millions, and print hundreds of trillions of
dollars to do it.
President Trump and his supporters claim that in exchange for millions of
dollars in donations to the Clinton Foundation, Hillary Clinton supported the 2010 sale of a mining company that
gave Russia control of
U.S. uranium supplies.
«I can tell you this — if you
gave the American people a choice today between using federal
dollars to renovate and build new public schools or using public tax
dollars to pay for private school vouchers, there would be no question how the American people would vote,» asserted
U.S. Secretary of Education Richard W. Riley in a speech made when the report was released.
At that time,
U.S. Secretary of Education Arne Duncan threatened to withhold millions of
dollars in federal funding during a dispute over which tests to
give students and which measurements to use.
Organizations in the
U.S. have been spending billions of
dollars on training and almost half of the
given training has not been used.
U.S. Secretary of Education Arne Duncan and Microsoft Founder Bill Gates, whose foundation has donated tens of millions of
dollars to charter schools, have both warned charter school operators that a lack of accountability for under - performing schools was
giving the entire movement a black eye.
, likely at the request of the
U.S. government, which wants to continue running the printing presses around the clock, massively inflating the amount of
U.S. currency, but having the
dollar appear to be retaining its value compared to gold and silver, which have traditionally been money until the
U.S. declared them to be obsolete (right after they got caught lying in 1971, and couldn't
give France the gold it owed that country when France wanted to exchange its
dollars for gold, as was its right) and abruptly stopped backing the
dollar with gold.
When Amazon Coins launches in the
U.S. this May, Amazon will
give customers tens of millions of
dollars» worth of free Amazon Coins to spend on developers» apps on Kindle Fire in the Amazon Appstore.
And so, necessarily,
given how the ETF is made up, when the value of the
U.S. dollar declines vs. the Canadian
dollar, it follows that the value of your units of DLR declines as quoted in Canadian
dollar terms.
The Horizons
U.S. Dollar Currency ETF (DLR) is bought and sold on the TSX in Canadian
dollars, and it
gives investors -LSB-...]
His rationale wasn't complicated: Canada was the worst - performing developed market in 2015, and Canadian stocks were extremely cheap in
U.S. dollar terms
given the loonie's dramatic decline.
Traders are mixed with the potential for
U.S. sanctions against Iran
giving crude a boost, but the stronger
U.S. dollar and signs of increased supplies weighing on the commodity.
This model
gives us the ability to understand the macroeconomic risk exposures, including changes in the value of the
U.S. dollar, of a portfolio.
A 1 - year
U.S. dollar cashable GIC
gives you the security of a guaranteed rate with the flexibility of an early cashing option.
Sunquest did not
give a specific figure for its planned price increases aimed at offsetting rising hotel as well as fuel costs, which are priced in
U.S. dollars.
That could push Canadian home prices up, especially
given the recent strength of the
U.S. dollar against the loonie
gives Americans strong buying power in Canada.
Another indirect option is to convert the money into
U.S. dollars and maintain an overweight exposure to the energy sector,
given how closely the Canadian
dollar tracks the price of oil.