Not exact matches
The dollar's index
against a basket of six
major currencies stood at 91.561, steady on the day but
down from Friday's high of 91.986, its...
The US Dollar Index that tracks the greenback
against a basket of six
major currencies last stood at 92.39,
down 0.22 %.
In my opinion, there are three
major pros when it comes to gold investment: (1) It is a quality hedge
against a
down market, (2) it will still have value if paper
currency inflates, and (3) there is an apparent upside to its value vs. prior years.
In the
currency markets today, the U.S. dollar moved up to multi-year highs
against the Japanese yen and other
major currencies as Federal Reserve Chairman Ben Bernanke made comments that the U.S. central bank could slow
down its asset purchasing program soon.
The Canadian dollar appreciated
against major currencies, including the US dollar, and dragged
down returns from US and other foreign markets.