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Showing 51 - 60 of 253 results for "Greenback"

ECB disengages from currency war

BENJAMIN ONG  |  TUESDAY, 15 AUG 2017
... either reduced or not materialised" which, undoubtedly have resulted from the Indian rupee's appreciation versus the greenback this year to date. But if you haven't noticed by now, the euro had been on a tear. It's up by 12.3% against the US dollar so ...

Australian dollar poses problem for RBA

BENJAMIN ONG  |  MONDAY, 7 AUG 2017
... lower by half to 1% in around two years' time." This year to date, the Australian dolla3r has risen by 9.3% versus the greenback and 5% on the TWI. In comparison, the British pound has risen not as much (up 5.5 %) against the US dollar while the Japanese ...

Jump goes the Aussie

BENJAMIN ONG  |  WEDNESDAY, 19 JUL 2017
... (or less) only last month, the tide has turned for the Australian dollar after it jumped to a 26-month high versus the greenback to US$0.7933. It's now extrapolated to keep on rising to US$0.80, perhaps even US$0.85. Once again, the rationales are all ...

The problem with currency extrapolation

BENJAMIN ONG  |  TUESDAY, 18 JUL 2017
... expert from a British-based hedge fund predicted that the A$ "will reach $US1.30 by 2013 - and $US1.70 by 2014, as the greenback relinquishes its 'exorbitant privilege' as the world's default currency." The A$/US$ exchange rate closed 2013 at US$0.8911 ...

Japan rides the virtuous cycle

BENJAMIN ONG  |  THURSDAY, 11 MAY 2017
... versus the US dollar - down 4.2% from the five-month high reached in mid-April - but remains 2.3% stronger against the greenback to date. The historically strong inverse correlation between the Japanese share market and the currency suggests that given ...

A-dollar rising

BENJAMIN ONG  |  MONDAY, 16 JAN 2017
... Economist magazine just released it's 'Big Mac' index that showed that Australia's currency is 15.5% undervalued against the greenback. This was when the A$ fetched US$0.7353. It calculated that the A$ should be exchanging at US$0.8696 to be fair. The ...

Sun rising in Japan

BENJAMIN ONG  |  THURSDAY, 12 JAN 2017
... Nikkei-225 index jumped by 9.6% in the two months to the end of December 2016 as the yen depreciated by 10.6% versus the greenback over the same period. Yes, 'twas spurred by Trump. Japanese consumers' confidence rose in all categories: overall livelihood ...

Trump protectionism protects not the emerging markets

BENJAMIN ONG  |  MONDAY, 28 NOV 2016
... on three fronts. Their US-dollar denominated debt burdens would increase as their currencies depreciate against the greenback...not to mention the flow-on effect of higher US interest rates into the world market. The dearer greenback would also provide ...

Trump's helping hand

BENJAMIN ONG  |  MONDAY, 21 NOV 2016
... the European Central Bank's (ECB) quest towards faster growth and higher inflation. The euro is down 2.6% versus the greenback this year to date (it was up 2.5% pre-Trump) and at the close of last week's trade the Japanese yen's strength against the ...

Brexit - the Australian connection

BENJAMIN ONG  |  MONDAY, 27 JUN 2016
... Brexit day - the Japanese yen strengthened versus the already appreciating US dollar and by virtue of its peg to the greenback, the Chinese yuan is also on the up. Therein lies the rub for Australia. Currency appreciation in our top export markets would ...