LONDON The foreign exchange market’s status as the world’s largest, built up over decades of rampant globalization, deregulation and growth in financial services, is unlikely to be relinquished any time soon. But the glory days are over. Overall market volume and employment levels at the biggest banks trading currencies are shrinking, as tighter bank regulation, […]
Foreign Exchange
Iran Says No Thanks To Dollars; Demands Euro Payment For Oil Sales
Iran enjoys trolling the United States. In fact, it’s something of hobby for the Ayatollah, who has maintained the country’s semi-official “death to America” slogan even as President Rouhani plays good cop with Obama and Kerry. The ink was barely dry on the nuclear accord when Tehran test-fired a next-gen surface-to-surface ballistic missile with the […]
Emerging Currencies Rally as Dollar Selloff Buoys Risk Appetite
Emerging-market currencies rose to the strongest level against the dollar in a month as a slowdown in U.S. services expansion spurred speculation that the Federal Reserve will delay raising interest rates. Malaysia’s ringgit and South Korea’s won strengthened at least 1.4 percent against the dollar. Turkey’s lira erased this year’s losses. Brazil’s real gained for […]
The Incredibly Simple Reason to Bail on the Canadian Dollar
By Gaurav S. Iyer, IFC Published : January 31, 2016 A Little Hope for the CAD to USD? Is there any hope for a recovery in the Canadian dollar? Well, as unsatisfying as it seems, the fate of the CAD to USD has been tied to several other questions. Only by answering all of them […]
Insiders Issue Dramatic Warning For Canadian Dollar
By Robert Baillieul, B.Comm. Published : January 25, 2016 Could the Canadian Dollar Hit $0.60? If you own Canadian dollars, picture this… You stop in the grocery store after work. CA$7.99 for a carton of milk? CA$9.95 for a small box of cereal? CA$21.00 for two pounds of grapes? Your small bag of groceries rings […]