Apart from slowing global demand, export growth is seen crimped by a strong dollar, which so far this year has strengthened by about 4 percent
against the currencies of the country's main trading partners.
The CEER index is a weighted average of bilateral exchange rates for the Canadian dollar
against the currencies of Canada's major trading partners.
Apart from slowing global demand, exports are seen crimped by a strong dollar, which so far this year has strengthened by about 4 percent
against the currencies of the country's main trading partners.
The US dollar in 2000 has risen
against the currencies of all other industrial countries, although its rise against the yen has been relatively small.
More generally, the exchange rate has been steady, or has fallen,
against the currencies of countries accounting for two - thirds of Australia's trade.
In contrast,
against the currencies of non-Japan Asia the Australian dollar is about 35 per cent above its post-float average.
In this environment the Australian dollar has appreciated strongly against the US dollar and
against currencies of the non-Japan Asian region over the past year, though it has been relatively stable against other major floating currencies.
We expect that the currencies of economies with relatively strong growth, where policy is likely to be tightened over the short term, should appreciate
against the currencies of the G - 3 (U.S. dollar, euro and Japanese yen), where monetary policy is likely to remain loose over an extended period.»
Not exact matches
The dollar, traded
against a basket
of major
currencies, rose as high as 92.566, the highest since Jan. 10, before retracing to 92.454.
Dollar bulls in London took advantage
of the holiday in most
of the rest
of Europe to push the
currency to almost $ 1.20 per euro and helped it make good ground
against the Swiss franc and the data - dented pound.
Elsewhere, the dollar held at a three - month high
against a basket
of currencies, after having received a boost from U.S. 10 - year Treasury yields holding near the key 3 percent level.
NEW YORK, May 2 - U.S. stocks fell on Wednesday as investors digested a statement from the Federal Reserve, which left interest rates steady and said inflation had «moved close» to its target, while the dollar climbed late
against a basket
of currencies.
It was up more than 2 %
against a basket
of other major
currencies.
More and more, people are judging the value
of the products they buy
against not one, but two
currencies: money, and the effort it's going to take to get the damned things home.
The euro, which in the aftermath
of January's meeting rose to a new three - year high, started the year surging
against other
currencies, including the U.S. dollar, as the region's economy improved and political risks dissipated.
The dollar, measured
against a basket
of currencies, has now given up more than half
of the gains it notched up this month when investors rushed into the greenback as equity markets suffered a violent sell - off.
In view
of this, it is puzzling that these countries complained about «
currency wars,» alleging that the «monetary tsunami» unleashed by the U.S. and the euro area was threatening their competitive positions by pulling up their
currencies, when, in fact, the real and the rupeewere falling
against the dollar and the euro.
Their declining
currencies against the dollar (8 - 9 percent over the past 12 months), falling stock market values since the beginning
of the year and high (India) and rising (Brazil) bond yields are reflecting their funding difficulties.
One is the exchange rate
of the dollar
against various
currencies.
LONDON, April 11 - The U.S. dollar slipped to a two - week low
against a basket
of currencies on Wednesday as trade war fears receded but uncertainty over possible Western military action
against Syria bred risk aversion among some investors.
two - week low
against a basket
of currencies.
Since the election, the dollar index, which measures the greenback
against a basket
of currencies, has risen 3.6 percent.
MARKETS: The dollar held near a four - month high
against a basket
of major
currencies, buoyed by the outlook for a strong U.S. economy and rising yields amid signs
of slowdown elsewhere, especially in Europe.
For this week's Trader Poll, tell us which
of these
currencies would hit a one - to - one exchange rate
against the dollar.
NEW YORK, April 13 - The dollar was little changed
against a basket
of major
currencies on Friday as traders waited for more clarity on a possible Western military intervention in Syria.
As a result, the value
of the Russian
currency, the ruble, has deteriorated by 30 %
against the dollar so far this year, routinely hitting new record lows along the way.
Japan's trade balance for February, which was released on Thursday, is a reflection
of the less favorable implications
of a rapidly depreciating
currency, which has fallen over 22 percent
against the greenback in the past six months.
The dollar rallied as much as 2.5 %
against South Africa's rand to 13.613, its highest since early February, after President Jacob Zuma fired finance minister Pravin Gordhan in a cabinet reshuffle following days
of speculation that has rocked the country's markets and
currency.
The dollar index, which tracks the U.S.
currency against a basket
of six major peers, was little changed at 95.693, holding above Friday's 95.384, its lowest since July 5.
SINGAPORE, May 3 - The dollar traded below a four - month high
against a basket
of currencies on Thursday, with the focus shifting to economic data after the Federal Reserve did little to alter market expectations for further interest rate rises this year.
Although Bernanke denies it, the Fed's money - printing naturally depressed the value
of the greenback
against other important
currencies, such as the euro and yen.
The Japanese
currency has been mostly on the rise
against the U.S. dollar as investors look for a safe haven amid fears
of a global trade war.
Some
currencies of emerging - market countries rose
against the dollar.
The U.S. dollar rose to a two - week high
against a basket
of currencies on Friday on rising U.S. yields, while sterling extended a decline in the wake
of dovish comments from the head
of the Bank
of England.
Meanwhile its
currency, the ringgit, has hit levels seen since the 1998 Asian Financial Crisis and lost as much as 28 percent
of its value
against the U.S. dollar from the beginning
of the year through the end
of September.
«We should be looking to reduce the value
of the dollar
against other
currencies,» he tells Inc. «This would improve the competitive position
of U.S. goods and services.»
NEW YORK, May 2 (Reuters)- The U.S. dollar rose to four - month highs
against a basket
of major
currencies and world stock indexes mostly edged lower on Wednesday as investors awaited the outcome
of a Federal Reserve meeting and possible indications on the interest rate outlook.
No slight
against Tanzania, but Canada's dollar didn't belong on a list
of the world's weakest
currencies this spring.
Russia's sovereign credit rating was recently downgraded by ratings agency Moody's, while its
currency slumped to record lows
against the greenback amid ongoing incursions in Ukraine and the risk
of harsher sanctions from the West.
Brazil's
currency, the real (pronounced «Hey - I»), fell as much as 30 %
against the U.S. dollar in 2015, trading at around four reals to one U.S. dollar for most
of the year.
The four conglomerates originated in different sectors, but their underlying business model is the same: cultivate powerful allies in the Communist Party; use those relationships to win regulatory and property concessions; gather investment from friends, family and other proxies
of party elites into a murky, unregulated private holding company; borrow heavily from state - owed banks and other sources to finance prodigious growth plans; invest as aggressively as possible in stock and property overseas as a hedge
against slower growth in China and the risk
of a weaker Chinese
currency.
These include
currency - hedged ETFs, triple - levered ETFs based on commodities, unconstrained bond funds with short positions betting
against U.S. Treasurys, private equity funds, emerging market debt instruments, historically less - liquid bank loan funds, and all manner
of actively managed strategies packaged in supposedly easy to buy and sell wrappers.
NEW YORK, Dec 29 - The dollar fell to its lowest in over three months
against a basket
of major
currencies on Friday, on track for its biggest annual drop since 2003, on doubts over durability
of a pickup in U.S. economic growth in wake
of last week's tax overhaul.
NEW YORK, Dec 29 - The dollar fell to its lowest in over three months
against a basket
of major
currencies on Friday, marking its steepest annual drop since 2003, on doubts over durability
of a pickup in U.S. economic growth in wake
of last week's tax overhaul.
Iran's government has fixed the exchange rate
of the national
currency, after it lost 20 %
against the dollar in two weeks.
NEW YORK, Jan 2 - The S&P 500 and the Nasdaq Composite notched record closing highs on Tuesday, the first trading day
of 2018, while European equities finished lower and the U.S. dollar fell to its weakest level in over three months
against key
currencies.
NEW YORK, Jan 3 - The U.S. dollar extended gains
against key
currencies on Wednesday after the release
of minutes from last month's Federal Reserve meeting, while world shares smashed records on investor optimism in the new year.
The dollar has also made fresh advances
against the offshore Chinese yuan (the rate that isn't as tightly controlled by the People's Bank
of China), indicating a fresh wave
of speculation
against the Chinese
currency.
«The NDF has moved a lot more than the spot,» said Nizam Idris, head
of currencies at Macquarie, noting that the one - month NDF is at 3.8720 ringgit
against the dollar.
NEW YORK, Jan 2 - European stocks closed lower on Tuesday, the first trading day
of 2018, while Wall Street advanced and the U.S. dollar fell to its weakest in over three months
against key
currencies.