The trade - weighted U.S. dollar has appreciated 15 %
against foreign currencies since last summer, including a 20 % singular gain against the euro, which has made American - made goods more expensive for foreign buyers.
Not exact matches
It seems more likely Beijing would consider taking over
foreign businesses, especially given its largest US$ 1.9 trillion
foreign exchange reserve in the world, and the appreciation of its
currency by 9 % y - o - y
against the US dollar, or 40 % y - o - y
against the Canadian dollar, or over 20 %
against both
currencies since July 21, 2005 when the Chinese central bank allowed its RMB to float.
In
foreign exchange markets, the U.S. dollar hit its lowest level
since December, 2014
against a basket of other leading
currencies.
Remember, hedging helps Canadians during periods when the loonie strengthens
against foreign currencies, so it was a big benefit from 2003 through 2007, and during many periods
since 2009.