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16 Resources for

greenback

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Loonie Vanquishes the Greenback: That's right, for the first time in 30 years the Canadian dollar has given the U.S. dollar a run for its money ('ha ha' -- very punny). The latest exchange puts the Loonie at $1.0052 U.S. The last time the Canadian dollar closed above the U.S....; Tags: Jonathan Haeber, LOONIE, Canadian Dollar; Blog posts 2007-09-28
Ben Bernanke: Talk May Be Cheap, But It's Not Worthless: James Picerno submits: The Federal Reserve Chairman is chatting up the dollar these days. On two separate occasions this week, Ben Bernanke made some extraordinary comments about inflation and the greenback. That is extraordinary for a sitting Fed chairman. Typically, the tired remarks about a strong dollar being...; Tags: US Market; External links 2008-06-06
Chinese Revaluation: Be Careful What You Wish For: Sean Maher submits: International pressure on China to revalue its currency the Renminbi or RMB by at least 10-15% remains intense; an incoming US administration led by either candidate is likely to adopt a much tougher diplomatic stance. The RMB has appreciated 20% against the dollar since 2005, but then...; Tags: China; External links 2008-06-18
The Week Ahead: Another Last-Minute Collapse?: Markos Kaminis (Wall St. Greek) submits: The stock market had a panic attack at the end of the week last week, and for good reason. Unemployment was reported at 5.5% in May, up five-tenths of a percentage point from April. The jobless rate was also significantly greater than economist...; Tags: US Market; External links 2008-06-09
Why I'm Still Holding Onto Gold: Dr. Duru submits: I regret that I do not own more. Gold gapped upwards almost four percent on Thursday, the day after the Federal Reserve demonstrated that is was still not ready to get serious about fighting inflation and it cannot without crushing the fragile American economy. I am regretful...; Tags: Gold, Streettracks Gold Trust; External links 2008-06-29

Could the Euro and Dollar Share Reserve Currency Status?: Zubin Jelveh submits: The conventional view of a reserve currency for the world is that there can only be one at any time. Before World War II, it was the pound, since then it's been the dollar, and pretty soon it'll be the euro.As of 2006, roughly 65 percent...; Tags: US Market, CurrencyShares Euro Trust; External links 2008-06-13
Learning Patience from New Zealand: Roger Nusbaum submits: Long time readers will know I follow New Zealand as an investment destination, I just wrote about a couple of stocks there recently.Lately I have been thinking about buying some NZ sovereign debt. The yields are high as you probably know. Two years yields 6.93%, five...; Tags: Financial; External links 2008-06-10
Just Your Average Bear Market: Roger Nusbaum submits: I have been referring to the market action of the last six months or so as a normal bear market.In the months leading up to the bear, I wrote repeatedly about why I thought a bear was coming, and most of that opinion was based on...; Tags: US Market; External links 2008-06-12
Corn Down 2 Percent on Drier Weather in Midwest: SEOUL (Reuters) - U.S. corn futures fell 2 percent in early Asian trading on Monday as improving weather conditions in the Midwest, which struggled with its worst flooding in 15 years, pulled the grain from record highs last week. Commodity markets were also...; Tags: corn, Cooper, Sydney, Chicago, Thomson Reuters Corp., U.S.; News items 2008-06-22
Don't Blame the Buck For High Oil Price: Paulson: By Matt Falloon and David Lawder LONDON (Reuters) - A weaker dollar cannot be blamed for soaring oil prices as policymakers around the world tussle with the twin specters of rising inflation and slowing growth, U.S. Treasury Secretary Henry Paulson said on Thursday....; Tags: Currency & Foreign exchange, inflation, policymaker, U.S. Department of Treasury, banker, oil company, London, secretary, interest rate, commodity price, Europe, billing, Thomson Reuters Corp., U.S., finance; News items 2008-07-03
Fed's Rosengren Says Higher Costs Still Trickling: By Pedro Nicolaci da Costa HARWICH, Massachusetts (Reuters) - Rising food and energy costs are still trickling through the economy, complicating the outlook for inflation, Boston Federal Reserve President Eric Rosengren said on Tuesday. The central bank still expects prices to trend down...; Tags: Financial accounting, Investment, financial market, Federal Reserve Board, president, liquidity, Thomson Reuters Corp., emerging market, financial, stock market, asset, stock; News items 2008-06-10
Oil Prices Drop After China Ends Subsidy: Oil prices dropped sharply on Thursday after China said it will raise fuel prices, a move that could dampen the booming Asian nation's oil consumption.Light, sweet crude for July delivery fell $US4.75 to settle at $US131.93 a barrel on the New York Mercantile Exchange.China disclosed that it will raise...; Tags: China, Barrel, Financial Accounting, Finance, AP; News items 2008-06-20
Fed Now Sees Inflation as Its Top Priority: Ron Haruni submits: The unexpected rise in the unemployment rate last week combined with a weak dollar - a combination that could lead to higher inflation and slower growth - continues to further implicate the fear factor among traders/investors, who argue that the central bank, in its eagerness to prove...; Tags: US Market; External links 2008-06-16
Takeda's Spree Peaks With Millennium Buy: The Japanese are coming! Well, to be exact, one Japanese drugmaker, Takeda Pharmaceutical, is coming. And the big question is whether its recent buying spree -- capped by its $8.8 billion acquisition of the biotech Millennium Pharmaceuticals announced today -- will leave it looking more like...; Tags: VELCADE, Millennium Pharmaceuticals Inc., Takeda, Biotechnology, David P. Hamilton; Blog posts 2008-04-11
Oil Climbs in Volatile Trading: Oil prices edged higher Thursday in highly volatile trading as traders continued to fret over supply and demand and the weakness of the US dollar.New York's main oil futures contract, light sweet crude for July delivery, rose 36 cents to close at $US136.74 a barrel.In London, Brent North Sea...; Tags: Dollar, Sales Strategy, Sales Force Management, Currency & Foreign Exchange, Sales, Finance, AFP; News items 2008-06-13
The Economy: A Grinding Five-Year Restructuring: The Economy: A Grinding Five-Year RestructuringOn the Money!I share your point of view. My opinion is that the seeds of what you say were planted during the Nixon era, when we no longer tied our currency to a standard commodity, like gold or silver. We wouldn't have had the rate...; Tags: Five-Year Restructuring; Discussion threads 2008-02-22