Posts tagged as:

international trade

Dear Greenback, Meet the Redback – Your Replacement?

November 10, 2010 · 3 comments

in Asia, BRIC, China, G20, RMB, USD, World Bank, central banks, currencies, exchange rates, foreign investment, forex, international economy, international stock market, market reports, market trends, money, news and updates, sovereign debt, terminology, world order

You may not have heard of this yuan yet – but the renminbi officially has a new, unofficial nickname – the “redback.” That’s right, it looks and sounds the way you think it’s trying to look and sound.  Not only is the renminbi note red, but it’s got a picture of Mao on the [...]

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Short-Term Advantages of A Weak US Dollar Will Weaken Over the Long-Term

November 5, 2009

in US Treasury, US debt, US economy, USD, currencies, inflation, international economy, world reserve currency

There are two short-term advantages to a weak US dollar.
The primary advantage of purposefully driving the value of the US Dollar down, as Bernanke and Geithner both know, is that it makes US exports more attractively priced for foreign buyers.  This, of course, helps the US economy in theory (if more goods are purchased as [...]

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Moving Away From U.S. Dependence, Canada Works to Diversify Its Exports and Service Sector

August 15, 2009

in CAD, Canadian economy, US economy, currencies, international economy

The oft-touted problem whenever the loonie begins to rise against the US dollar is that it will hurt Canada’s exports to the U.S..  If the rise is too quick or too much, the Finance Minister – currenty Jim Flaherty – has been known to step in and threaten “intervention” to ensure that the rise will [...]

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