NEW YORK, May 22 (Reuters) - The dollar rose to a 4-1/2-year high against the yen and a near three-year peak against a currency basket on Wednesday after Federal Reserve Chairman Ben Bernanke stoked speculation the U.S. central bank could slow its ...
KINGSTON, Jamaica - The Jamaican dollar lost against both its North American counterparts at the end of trading today. The US dollar traded for an average J$99.11, up seven cents from yesterday while the Canadian dollar went for J$97.37, a 30-cent gain.
LTG Goldrock director Andrew Barnett said currency traders were jumping back into the US dollar - and he didn't see the Aussie dollar getting back to parity any time soon.
Recent speculation that the Federal Reserve was considering winding back its economic stimulus plan has helped the US dollar rally against all the major currencies, including the Australian dollar. In testimony to Congress last night, Australian time ...
Video summary: The US Dollar continues to surge, but we look at key reasons why the Greenback could hit even higher highs--particularly versus the Aussie and Swiss Franc.
"It's not so much a drop in the Aussie dollar but a sharp rally in the US dollar because the market is pricing in that tapering as a virtual certainty by the end of the year," he said.
Center for Research on Globalization - May 19, 2013
Quantitative Easing is the term given to the Federal Reserve's policy of printing 1,000 billion new dollars annually in order to finance the US budget deficit by purchasing US Treasury bonds and to keep the prices high of debt-related derivatives on ...
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