Tag: Economy
Canada’s Dollar May Fall on Ottawa ‘Kerfuffle,’ Citigroup Says
By Chris Fournier
Dec. 8 (Bloomberg) — Canada’s currency may drop 2.4 percent versus its U.S. counterpart in the next several days as the nation’s economy falters and a political “kerfuffle” means help may be a long time coming, according to Citigroup Inc.
Posted: December 9th, 2008 under News.
Tags: Canada's currency, Canadian Dollar, Crude Oil, currency, Dollar, Economy, kerfuffle, michael Hart, U.S. dollar
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Yen Gains as Deepening U.S. Recession Curbs Carry Trade Demand
By Stanley White and Ron Harui
Nov. 25 (Bloomberg) — The yen rose before U.S. reports today that economists forecast will show the recession in the world’s largest economy is deepening, prompting investors to cut holdings of higher-yielding assets financed in Japan.
Posted: November 25th, 2008 under News.
Tags: Dollar, Economy, Euro, Trade, U.S. Recession, Yen
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Aussie Dollar to Recover on Economy, Say Bank America, Barclays
By Candice Zachariahs
Nov. 19 (Bloomberg) — Australia’s dollar, the worst- performing major currency since June 30, will rally next year as the country skirts a recession while Europe, Japan and the U.S. shrink, Bank of America Corp. and Barclays Capital said.
Posted: November 19th, 2008 under News.
Tags: Aussie dollar, Bank America, Economy
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