BRIC economies plan to contribute $100 billion to a fund to help stabilize currency markets.
Thanks to a printing error, almost $3 billion worth of U.S. $100 bills are headed for the trash can, reports the National Post.
Although the loonie bounced back this week, it still trades at a low level relative to where it’s been for the past three years. Is the most recent decline a sign that the Canadian dollar is at the beginning of a longer-term drop against its U.S. counterpart?
The Big Mac Index is The Economist’s way of analyzing purchasing-power parity, a theory that states in the long run, exchange rates should adjust so goods and services cost the same everywhere. Read: BoC will maintain inflation: Poloz The magazine uses McDonald’s Big Mac because it’s made with the same ingredients in almost every country […]
Slow trade numbers for China last month caused emerging Asian currencies to fall.
Does this equation make sense to you? Probably not, but it’s what the Japanese are experiencing right now.
The U.S., Japan, and Europe have hit a fiscal wall.
Investors should reduce exposures to currencies at risk of depreciation.
iShares is launching three unhedged ETFs in Canada.
Emerging markets are getting rid of their euro reserves en masse making the single currency a weaker rival to the dollar. Data released by the IMF reveals developing countries dumped €45bn ($58.8bn) of euros in 2012, reports FT.com. While the U.S. dollar still constitutes the bulk of their foreign currency reserves, the Australian dollar and […]