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Showing 211 - 220 of 253 results for "Greenback"

Market Wrap - Morning

AAP  |  THURSDAY, 10 DEC 2009
... that debt problems could trip up a global economic recovery. Stocks pared their losses as the dollar fell. The weaker greenback has been a big force behind the market's steep gains this year. When it falls, the dollar makes commodities cheaper for foreign ...

Market Wrap - Morning

AAP  |  MONDAY, 23 NOV 2009
... stocks joined tech issues in the red. Energy stocks were among the losers amid a strenghthening dollar, which makes greenback-denominated commodities such as crude oil more expensive for buyers using other currencies. The bond market also fell. The yield ...

Ganging up on greenback

BENJAMIN ONG  |  WEDNESDAY, 18 NOV 2009
What's it going to be? A strong dollar or a weak dollar policy? The short answer a strong dollar in words, a weak one in deed. Yesterday, I wrote about Uncle Timmy Geithner telling Asia that, "It's very important to the United States, to the economic ...

Market Wrap - Midday

AAP  |  THURSDAY, 12 NOV 2009
... 0.13 per cent to $22.98. Mr Heffernan said benign employment data had pushed the Australian dollar higher against the greenback, touching US 93.68 cents at 1209 AEDT. Australia's unemployment rate was a seasonally adjusted 5.8 per cent in October, compared ...

Dollar dilemma

BENJAMIN ONG  |  THURSDAY, 12 NOV 2009
... fortunate that the US$ depreciation has been orderly...so far. But what happens when like the scripts of Lehman et al, the greenback drops? If it happens at this point of the economic cycle, a stagflation in the US becomes a real threat. The cost of ...

Weight in gold

BENJAMIN ONG  |  TUESDAY, 10 NOV 2009
There's a new twist in the tale of what we thought to be the ended saga of the GFC. The US equity market's - and by extension most other stock market's - performance over the past few weeks perfectly underscored what I've been trying to convey in my ...

Joined at the hip

BENJAMIN ONG  |  WEDNESDAY, 28 OCT 2009
... its export owing to the Canadian dollar's appreciation. The C$ has appreciated by more than 16 per cent against the greenback to US$0.9418 from US$0.8100 at the beginning of 2009. It has rallied 22.4 per cent from the 9 March low of US$0.7693. And like ...

On A$ parity and dashed whispers

BENJAMIN ONG  |  FRIDAY, 16 OCT 2009
... likelihood that parity - perhaps even beyond -- is within sight. The Australian dollar had never breached parity with the greenback since the Hawke Government floated the currency on 9 December 1983. As for last night's action on Wall Street. Either ...

Doom dollar

BENJAMIN ONG  |  TUESDAY, 13 OCT 2009
... proposition of holding US dollars, Bloomberg reports overnight that world central banks are diversifying out of the greenback. Data compiled by Bloomberg revealed that central banks have backed up their threat to dump the greenback by allocating 63 per ...

The shrinking big dollar

BENJAMIN ONG  |  MONDAY, 12 OCT 2009
Falling US dollar equals increasing risk appetite? Hmmm...seems strange. The greenback fell to 14-month lows against major currencies last week before Big Ben Bernanke wagged his finger -- warning that, "The time will come when we have to tighten...We ...