CFB have suffered back - to - back losses due to the high Aussie dollar but, as the dollar
falls against the greenback, their profits rise.
Given how low our dollar has
fallen against the greenback, any suggestions for investing in a US index?
Not exact matches
The euro, which has been knocked by weaker - than - expected economic data and growing doubts about when the European Central Bank will normalize its monetary policy,
fell 0.67 percent
against the
greenback to $ 1.998.
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 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.
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.
When oil prices
fall, the loonie typically follows suit, especially
against the
greenback as oil prices are denominated in U.S. dollars.
The
greenback slid
against all of its major peers yesterday's,
falling to an eight week low
against the pound sterling and sliding to 97.08
against the Japanese yen, amongst others.
Since the peg, the franc has
fallen more than 20 percent
against the U.S. dollar, via the euro's slide versus the
greenback.
Commodity - driven currencies like the Canadian, Australian and New Zealand dollars are also likely to weaken
against the
greenback as commodity prices
fall.