The Bank Of Japan (Japan's central bank) is determined not to let the yen
rise against other currencies so they too are printing money to keep the yen weak.
The Swiss National Bank (Switzerland's central bank) is also determined not to let the franc
rise against other currencies so they too are printing money.
Not exact matches
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.
In 2015, the dollar enjoyed its fastest
rise in 40 years, and it continues to gain steam
against the world's
other major
currencies.
SYDNEY (Reuters)- The dollar
rose to its highest in over four years
against a basket of
currencies on Thursday after the Federal Reserve's guidance on interest rates highlighted the diverging pathways between the United States and
other rich nations.
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.
Foreign countries can prevent their
currencies from
rising against the dollar (which prices their labor and exports out of foreign markets) only by (1) recycling dollar inflows into U.S. Treasury securities, (2) by imposing capital controls, or (3) by avoiding use of the dollar or
other currencies used by financial speculators in economies promoting «quantitative easing.»
Because the Canadian dollar has held its own
against the US dollar in this context, largely due to higher oil prices, it has also been
rising against most
other currencies.
Other currency markets outside China also stabilized, including the South Korean won, which
rose against the dollar in late Asian trading.
When the dollar
rises against the euro and
other currencies, so does the riyal.
When the dollar
rises in value
against other currencies, gas prices fall.
This has been one reason why the Australian dollar has
risen substantially
against the US dollar while being only modestly higher
against most
other G10
currencies and little changed
against the Japanese yen.
The market is expecting US interest rates to keep
rising and after months of, «It doesn't matter,» the
currency market may be starting to realize that, «It really matters,» and the US Dollar is therefore
rising against nearly all
other currencies!
It could cause the euro to
rise in value
against other currencies, potentially hurting exporters, and it could bring higher returns on savings as well as stiffer borrowing costs for indebted governments in the 19 - country eurozone.
One
currency isn't only tied to
other currencies — and often, a particular
currency may
rise against one
currency and fall
against others at the same time.
In the past two years, the Canadian dollar's
rise against the many
other currencies partially muted strong global equity returns.
During any period when the Canadian dollar
rises in value (whether
against the U.S. dollar or some
other foreign
currency), using ETFs with
currency hedging will lead to higher returns in your foreign equity investments.
It is possible that the US dollar could enter a prolonged weakening
against other G7
currencies — especially if energy prices
rise.
However what is undeniable is the exponential
rise in their value
against all
other government and central bank issued
currencies.