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Day: January 7, 2014
January 72014
US Dollar Gains Ground Following Economic Data
Is the US dollar getting ready for a revival? With a recovering economy, the United States looks poised to surge ahead of other economies, and the greenback is reclaiming its strength as a premier world currency. The latest economic data to confirm a resurgence in the US economy is the trade deficit data. According to the US Commerce Department, the trade deficit in the United States dropped to $34.3 billion for October. This is the lowest level in four years. Exports […]
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January 72014
Loonie Lower as Canada Enters the Depreciation Fray
Over the past few years, a number of currencies have done what they can to weaken a bit in order to stimulate economies and gain an edge in global trading. Now it appears that Canada is ready to play that game, and the loonie is lower as a result. Canadian dollar is lower today, following yesterday’s comments from Finance Minister Jim Flaherty about the possibility of depreciation for the loonie. Acknowledging that it might […]
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