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Entries for the ‘Americas’ Category

Canada’s Dollar Poised for Biggest Weekly Decline Since 1971

Oct. 10 — Canada’s dollar headed for the biggest weekly slump since at least 1971 as the deepening credit crisis drove investors to take refuge in the U.S. dollar.
The Canadian currency has declined 9.2 percent this week against its U.S. counterpart, touching the lowest since August 2005 today, as prices for commodities including crude [...]

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Dollar Falls Against Yen, Euro Before Housing, Inflation Data

Aug. 18 — The dollar fell against the yen, snapping a three-day advance, before U.S. government housing and inflation reports this week that may add to speculation the Federal Reserve will delay increasing interest rates.
The currency also retreated from the strongest level in almost six months versus the euro after the Wall Street [...]

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