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The median forecast of 36 foreign exchange analysts in the Dec. 2-4 poll predicted the loonie would edge 0.3% higher to 1.4034 per U.S. dollar, or 71.26 U.S. cents, in three months, compared to ...
The Canadian dollar edged higher against its U.S. counterpart on Friday but was still headed for a weekly and monthly decline as domestic gross domestic product data bolstered bets for an outsized ...
The Canadian dollar weakened to a 4-1/2-year low against its U.S. counterpart on Thursday as the greenback notched broad-based gains and a recent widening in the gap between U.S. and Canadian bond ...
The yield differential moved in favor of the Loonie
Canadian CPI comes out in line with expectations. For premium support please call: 800-290-4726 more ways to reach us
Cooper is best known for her often repeated prediction in the late 1990s that the devaluation of the Canadian dollar was an inexorable long-term trend, and that a Canada-U.S. currency union (which she describes as "dollarization") should be attempted immediately because the conversion rate would only be worse in future.
The United States dollar already acts as a global currency, meaning any transition to a 'new' currency would risk compromising this position and could cause a shift toward the euro or yen. [ citation needed ] The U.S. dollar is currently being used in over half of all the world's exports, double the total United States foreign trade.
Rising yields fail to buoy the greenback. For premium support please call: 800-290-4726 more ways to reach us