The recent plunge in the value of the Canadian
dollar against the greenback is more than temporary, most Canadians seem to think.
The $ 10 rise in the price of crude oil between the 1st and 22nd of August strengthened the Canadian
dollar against the Greenback.
Not exact matches
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.
Since the election, the
dollar index, which measures the
greenback against a basket of currencies, has risen 3.6 percent.
The
dollar index, which tracks the
greenback against six rival currencies, was little changed from its late Thursday levels at 100.40.
The yen traded near 108
against the
greenback Monday morning, the Japanese currency's weakest level versus the
dollar in more than two months.
Other commodity currencies such as the Australian and New Zealand
dollars also lost heavily
against the
greenback.
* The
dollar index, which measures the
greenback against a basket of currencies, was little changed at 90.800, lower than 91.076 hit in the previous session, its strongest level since Jan. 12.
This almost certainly has influenced the Bank of Canada, which clearly does not wish to see the Canadian
dollar soar
against the U.S.
greenback.
NEW YORK, April 30 (Reuters)- Weaker - than - expected German data hurt the euro
against the U.S.
dollar on Monday, with investors further unwinding short positions on the
greenback that were based on assumptions that the European Central Bank was nearer to unwinding its stimulus.
The
dollar index, which measures the
greenback against six rival currencies, was down 0.48 percent at 91.89, after falling to a nearly one - week low 91.808.
The
dollar index, which measures the
greenback against a basket of global currencies, is up more than 7 percent over the past year.
According to Taylor, all last year BMO was running a $ 1.2 billion short
against the Canadian
dollar versus the U.S.
greenback.
In April however the single currency has fallen rapidly to a four - month low
against the
dollar, with the
greenback buoyed by the U.S. Treasury yields topping three percent and expectations the Federal Reserve will further raise interest rates.
Based on the U.S.
Dollar Index, the
greenback has slid so far this year by 9.4 %
against rival currencies.
Watching the petro - fuelled Canadian
dollar steadily lose ground
against the
greenback isn't all bad news, though.
The rise in
dollar terms is lower because the
greenback has strengthened
against the Chinese currency during the period.
The
greenback also has gained steam
against the Indian rupee and remained historically strong
against the Australian
dollar based on early March metrics.
As US consumer prices declined unexpectedly on a month - to - month basis, Treasury yields retreated, while the
Dollar remained under pressure
against the Euro (although a break above 1.24 didn't happen in the EUR / USD), while the safe - haven Yen regained some of its recent losses
against the
Greenback.
The
greenback was down more than 1 %
against the euro and Japanese yen, while spiking 1.2 %
against the Aussie
dollar and 0.46 %
against the Canadian
dollar.
It is hard to remember now, but much of that $ 4 trillion in IOUs was racked up when developing markets finance ministers blasted Washington for driving the
greenback down, and the Chinese yuan seemed poised to rise
against the
dollar indefinitely.
The U.S.
Dollar Index is modestly lower today at 92.43 with the
greenback displaying weakness
against the euro -LRB--0.3 % at 1.1988) and the yen -LRB--0.6 % at 109.22).
When oil prices fall, the loonie typically follows suit, especially
against the
greenback as oil prices are denominated in U.S.
dollars.
The Chinese yuan strengthened marginally
against the
greenback, trading at 6.6078 per
dollar.
Mumbai: The rupee firmed by 13 paise to 66.53
against the
dollar in early trade on Thursday on increased selling of the
greenback by exporters and banks.
The US
Dollar Index, which tracks the value of the
greenback against a basket of its peers, sank 1.5 % from its peak on Wednesday.
After reaching a seven - week peak versus the
greenback, the euro retreated
against the United States
dollar.
Gold recovered as the U.S.
dollar index, which measures the
greenback's strength
against a basket of six major currencies, slid 0.21 % to 92.09, pulling back from Tuesday's four - month highs of 92.37.
The US
Dollar Index that tracks the
greenback against a basket of six major currencies last stood at 92.39, down 0.22 %.
The U.S.
dollar index, which measures the
greenback's strength
against a basket of six major currencies, was up 0.67 % to 92.24 by 10:21 AM ET (14:21 GMT), the highest level since January 11.
The euro was flat on the day at $ 1.1989, while the
dollar index, which tracks the
greenback against a basket of six major rivals, was up at 92.434.
Among the
greenback's most notable gains was a fresh nine - month high
against the Canadian
dollar.
As the weekly chart below shows, the
greenback has been trending consistently lower
against the Singaporean
Dollar since the start of 2017.
Notching up some hefty losses across the board, the Sterling is more than a full cent weaker when valued
against the
Greenback this morning at 1.5260 whilst also significantly lower when valued
against both the Australian
dollar (1.9511) and the New Zealand
dollar (2.0097).
Since the peg, the franc has fallen more than 20 percent
against the U.S.
dollar, via the euro's slide versus the
greenback.
CFB have suffered back - to - back losses due to the high Aussie
dollar but, as the
dollar falls
against the
greenback, their profits rise.
It's not yet clear if it will be possible to import the new limited - edition Super Snake into Canada, but if so, expect the price to inflate due to a relatively weak Canadian
dollar against the U.S.
greenback.
Over the past 12 - months the Canadian
dollar has lost 15 % of its value
against the U.S.
greenback and today it dipped below the 70 - cent mark for the first time in 13 years.
The Canadian
dollar dipped more than a full cent
against the
greenback at one point.
Staying on the Euro for a moment, if the Euro trades much lower
against the
dollar moving towards parity with the
greenback, it will likely hit multinationals hard.
In fact, while our
dollar has appreciated strongly
against the
greenback in the past five years, it is trading within a tight range
against other major currencies.
The U.S.
dollar index, which measures the
greenback against a basket of other currencies, moved up to 84.42 today, its highest level since July 2010.
The U.S.
dollar index is a basket of six major world currencies stacked up
against the
greenback.
Additionally, the Canadian
dollar has been exceptionally strong advancing from about 66 cents ten years ago to well over par today
against the US
greenback.
Commodity - driven currencies like the Canadian, Australian and New Zealand
dollars are also likely to weaken
against the
greenback as commodity prices fall.
Given how low our
dollar has fallen
against the
greenback, any suggestions for investing in a US index?