The CEER index is a weighted average of bilateral exchange rates for the Canadian
dollar against the currencies of Canada's major trading partners.
In recent months this has reflected the large moves of the US
dollar against all currencies in the US trading session.
For instance, VEA holds stocks that are traded in the UK, Japan, Continental Europe and Australia etc., which are denominated in Pounds, Yen, Euro and the Australian Dollar respectively and would be influenced by the fluctuation of the US
dollar against those currencies.
The falling
dollar against those currencies enhances the profitability of those trades.
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.
The U.S.
dollar surged into positive territory for 2018 and broke past key levels
against several
currencies as a divergence between growth and the interest rate outlook versus other countries spurred investors to chase the
currency higher.
All things being equal, the euro will weaken
against the U.S.
dollar and perhaps other
currencies.
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.
According to the IIF, since Egypt reached agreement with the IMF in 2016, its
currency has increased sharply
against the
dollar and that boosted its official reserves by almost double — from about $ 20 billion to $ 40 billion — and narrowed its deficit.
NEW YORK, May 1 - The U.S.
dollar surged into positive territory for 2018 on Tuesday and broke past key levels
against several
currencies as a divergence between growth and the interest rate outlook versus other countries spurred investors to chase the
currency higher.
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.
The common
currency was 0.6 percent lower
against the U.S.
dollar at 12:30 p.m. London time Monday as traders worried over an independence vote in Spain.
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.
In
currencies, the
dollar index, which tracks the U.S.
currency against six major peers, traded at 92.478 at 2:56 p.m. HK / SIN, below the 92.8 handle touched on Wednesday and under a four - month high hit in the last session.
For foreigners investing in Japanese stocks, the yen also poses a challenge, analysts said, with the rapid depreciation in the
currency — which has fallen 14 percent
against the U.S.
dollar in the past three months - mitigating gains in the market.
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
currency, which was down on the day
against the
dollar, was on track for its biggest daily loss in more than four months.
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.
Some governments attempt to hold their
currency at a defined level
against another, usually the U.S.
dollar.
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.
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.
The
dollar index, which tracks the greenback
against six rival
currencies, was little changed from its late Thursday levels at 100.40.
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.
It even appears to think that Canada's
currency is overvalued, if not
against the U.S.
dollar, then certainly
against currencies such as the Mexican peso.
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.
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.
The yen traded near 108
against the greenback Monday morning, the Japanese
currency's weakest level versus the
dollar in more than two months.
The U.S.
dollar surged on Tuesday into positive territory for 2018 and broke past key levels
against several
currencies.
The
currency is worth about 20 % less
against the U.S.
dollar than it was in 2014, and money never has been cheaper.
«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.»
By comparison, before election data starting rolling out, the
currency closed the day up by about 1.3 %
against the
dollar.
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.
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.
And the
dollar is also up
against currencies from South Africa (another commodity proxy) to Indonesia (which cut interest rates earlier and suffered a terror attack), Turkey (more terror attacks and political instability) and the U.K. (fears over it exiting the European Union).
The U.S.
dollar was fetching as much as 3.85 ringgit in Asian trade Monday, compared with around 3.8156 ringgit Friday, before the Malaysian
currency abruptly strengthened to 3.8460
against the U.S.
dollar around midday.
Other commodity
currencies such as the Australian and New Zealand
dollars also lost heavily
against the greenback.
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.