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 [...]
The Canadian dollar has broke through some interesting points this past week. On Tuesday, it hit 14-month highs, climbing up 3.5% over the past 7 days – which is quite a bit in currency terms. The loonie is also up against all 16 major currencies. All of these data points have analysts speculating that the [...]
The Canadian dollar is once again at 52-week highs and edging closer to parity every day. Since this happens once in a blue moon, it pays to be able to recognize it when it’s happening and be able to act on the opportunity.
I’ve written previously about how you can build up your reserve of US [...]
With the US dollar in a general bear market decline since about 2001, more and more speculation and trading is beginning to reflect lower expectations for the greenback as a result of the US Fed’s unprecedented levels of “quantitative easing” and fiscal stimulus.
This has Canadians enjoying the resulting higher values in the loonie and greater [...]