Absolutely, I'll be buying more PM if it goes below $ 75 and that will be a superb entry price while media sigh and heave about
strong dollar currency, and therefore, concerned about the foreign money converted into less dollars and less profit.
Not exact matches
At $ 383 million, EBITDA was up 7.9 % on the high first - quarter 2017 performance, with a significantly
stronger euro particularly compared to the US
dollar, which resulted in a $ 26 million negative
currency effect (on translation only).
The
strong dollar was felt widely across commodity markets and the emerging economies that are now borrowing record amounts of debt in the U.S.
currency — $ 3.7 trillion according to the latest figures this week from the Bank for International Settlements.
NEW YORK / LONDON, May 2 - Gold prices hovered near four - month lows on Wednesday as the
dollar advanced, and were expected to remain under pressure from a significantly
stronger U.S.
currency and weak investment demand.
A
stronger dollar also intensified pressure on some commodity - linked
currencies such as the New Zealand
dollar which tumbled 0.3 percent to 0.7129 per
dollar.
LONDON, May 2 - Gold steadied on Wednesday near 4 - month lows as the
dollar's uptrend paused, but prices of the precious metal are expected to remain under pressure from a significantly
stronger U.S.
currency and weak investment demand.
(New throughout, updates prices, market activity and comments; adds second byline and NEW YORK) NEW YORK / LONDON, May 2 (Reuters)- Gold prices hovered near four - month lows on Wednesday as the
dollar advanced, and were expected to remain under pressure from a significantly
stronger U.S.
currency and weak investment demand.
A
strong dollar makes greenback - denominated oil more expensive for holders of other
currencies.
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.
If Poloz or Wilkins had actually said they thought the Canadian
dollar was too
strong, they would have become the story in
currency markets.
Even in the U.S., where the wish for a stable
currency is
strong, the
dollar has fallen a staggering 86 % in value since 1965, when I took over management of Berkshire.
LONDON, May 2 (Reuters)- The
strong dollar and mixed economic data kept the pressure on emerging stocks on Wednesday but
currencies bounced back from steep losses as markets waited to hear from the U.S. Federal Reserve on the future path of interest rates.
Apart from slowing global demand, export growth is seen crimped by a
strong dollar, which so far this year has strengthened by about 4 percent against the
currencies of the country's main trading partners.
* 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.
The
currency has been under pressure following comments from the U.S. administration last week that a weak
dollar could be beneficial for exports, casting doubts over a commitment towards a
strong dollar.
The
dollar last week enjoyed its biggest weekly gain in more than two months, and the U.S.
currency began this week on a
strong footing.
Others, like our team at Cumberland Advisors, think they will take gradual steps in view of the fact that the US
dollar is the
strongest currency in the world.
He said the central bank's rate rise talk could restart the negative feedback loop that took place this year, when a
strong dollar leaned on emerging markets
currencies, including the Chinese yuan, and commodities prices, creating tight financial conditions and economic weakness.
A
stronger dollar tends to pressure assets priced in the U.S.
currency.
That's because oil prices have stabilized, and also because traders appear to assume a
stronger U.S.
dollar means the Canadian
currency should be
stronger too.
The gains came despite a higher
dollar, which is at its
strongest since Jan. 11 against a basket of
currencies.
A
stronger dollar makes greenback - denominated commodities more expensive for holders of other
currencies.
The result: the Somali Shilling rose 52 % this year versus the
dollar, making it the
strongest currency out of the 175 that Bloomberg tracks.
As a prolific exporter of pricey products such as watches and pharmaceuticals, Swiss companies were being harmed by their
strong currency (Canadian manufacturers have the same complaint whenever the Canadian
dollar rises against the U.S.
dollar).
They have either fallen off the proverbial patent cliff (Novartis» Diovan, which lost US exclusivity in 2012) or succumbed to a
stronger U.S.
dollar against European and Asian
currencies despite rising sales (Novo Nordisk's NovoLog, which also missed this year's list).
MILAN (Reuters)- The recent recovery in the
dollar has raised hopes that
currency turbulence for European corporates will now subside, after first quarter earnings took a hit from the
stronger euro.
... It's very, very hard to compete when you have a
strong dollar and other countries are devaluing their
currency.»
For one, the
stronger dollar has weighed on China's yuan as higher U.S. interest rates spur outflows from the
currency.
Apart from slowing global demand, exports are seen crimped by a
strong dollar, which so far this year has strengthened by about 4 percent against the
currencies of the country's main trading partners.
«The US
dollar's recent
currency valuation is causing concern among many economists because of the impact that a
stronger dollar will have on the country's exports.»
«The biggest risk we see to our
currency forecasts is a
stronger US
dollar.»
These two
currencies — the US
dollar and the yen — have been the
strongest currencies in 2000, and they happen to be our largest trading partners and so have the largest weights in our trade - weighted index.
Hedging against
currency fluctuations can help guard against potential losses a
strong dollar could bring.
A
stronger dollar normally acts as a disincentive to purchase commodity contracts that are themselves priced in the
currency.
These two acts would guarantee a
strong dollar and insure that the
dollar would remain the world's reserve
currency.
The
dollar is still the world's main reserve
currency, and especially now, given our
stronger relative growth rates and Fed's «normalization» (rate hiking) campaign,
dollar demand is
strong.
What should be concerning, is the difference in gap between a
strong dollar vs other
currencies.
A
stronger U.S.
dollar versus the euro and other
currencies in Europe, the Middle East and Africa helped business travel per diems decline in the region in 2015, despite healthy demand.
* «Trump Wades Into the
Currency Uproar, Favours «
Strong Dollar,» Government & Economy.»
Many international markets had
strong double - digit gains in US
Dollars as well, helped by a 10 % decline in the
currency over the year.
As we enter another year of volatility and a
strong dollar, we explore a new way to hedge for
currency risk in your international investments.
The recent recovery in the
dollar has raised hopes that
currency turbulence for European corporates will now subside, after first quarter earnings took a hit from the
stronger euro.
The combination of a
strong dollar and weak commodity prices led to sizeable depreciations of the
currencies of net commodity exporters.
A
strong dollar has been, and still is, the main foe of EM
currency appreciation.
This in turn is facilitating
stronger currencies versus the
dollar.
The Peso is the
strongest currency at present as we are still trading above the 20 and 100 - day moving average as the U.S.
dollar is up 45 points as the European
currencies are selling off.
In any event, even if one explains the fact that the US
dollar has crashed in purchasing power in recent times, over a very condensed period of time, by more than 75 %, because it has been one of the
strongest currencies in a pool of rapidly devaluing
currencies for the past two years, I've discovered that quite often, even presentation of indisputable facts can not sway people to believe something that they simply do not want to believe.
How anyone can say that the
dollar is
strong in our present
currency war is too much to bare.
A
stronger U.S.
currency makes their products less competitive abroad, and can dent revenue when overseas sales are converted back into
dollars.
Currencies profiting from the
dollar's weakness included many from emerging markets, which collectively registered one of their
strongest quarters in many years.