The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. The kiwi touched 74.25 US cents this morning, having broken through its 2012 support levels around 74.50 cents, and reaching its lowest level since November 2011 when Read More
January 2015
The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. The kiwi touched 74.25 US cents on Monday morning, having broken through its 2012 support levels around 74.50 cents, and reaching its lowest level since November 2011 when Read More
Happy Australia Day! Being a public holiday, the offices here at the Daily Reckoning are deserted. I’m not hanging around long either. I’ve got some lamb to cook and beers to drink. I can’t have my daughters growing up in ignorance of fine Australia Day traditions. In my younger years, Australia Day usually involved The Read More
The European Central Bank’s big stimulus plan has thrust the dollar’s advance into overdrive, for better or worse. The Wall Street Journal dollar index, which tracks the value of the dollar versus 16 other currencies, is up 28% since its postcrisis low in July 2011. This is thanks to an improving American economy, expectations for Read More
![CDATA[ By Tina Morrison Jan. 26 (BusinessDesk) – The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. The kiwi touched 74.25 US cents this morning, having broken through its 2012 support levels around 74.50 cents, and reaching Read More
Submitted by Jeffrey Snider via Alhambra Investment Partners, The main problem with looking at the financial world from a “dollar” funding perspective is that there really is no such monolithic existence. The funding conditions in Russia may be very different than those of Swiss banks; they also may be far too similar. Given the impossibility Read More
High yields on Indian government bonds help the currency With the European Central Bank’s latest move to expand its monthly bond purchase programme to €60 billion, the currency market is in turmoil. The euro has hit an 11-year low against the dollar, the dollar index is at an 11-year high. But the rupee is unfazed Read More
* Euro dives to lowest against dollar since September 2003 * Sweden’s crown falls vs dollar on Swedish QE speculation * Euro sinks to seven-year low vs sterling * Greek election on Sunday adding to euro weakness (New throughout, updates prices; changes byline, dateline, previous LONDON) By Sam Forgione NEW YORK, Jan 23 (Reuters) – Read More
After Switzerland shocked markets by scrapping its currency cap, investors are beginning to ask whether a policy surprise may be lurking for the dollar, too. Samson Capital Advisors LLC said the Swiss move, which sent the franc surging as much as 41 percent against the euro last week, was “a good reminder” of the risks Read More
The dollar rally is continuing. The U.S. dollar index, a basket of currencies versus the greenback, hit an eight-year high after the European Central Bank announced its monetary stimulus plan. With more euros floating around, each one is anticipated to be worth less compared to the dollar. But with nearly half of all revenues for Read More