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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.

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.

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.