Posts filed under “Currency”
The Australian Central Bank, the RBA stated that it had increased sales of the A$ last month to a number of buyers, including foreign central banks. The sales amounted to US$500mn, the most since June 2009. The A$ declined on the news – currently US$1.0337. For full disclosure purposes, I remain short the A$, against…Read More
From start to finish of the 2008-2012 term the USD only lost approximately 3% to the Euro. There’s been quite a few 20% moves in between making it challenging for both buyers and sellers.
As a reminder, the Dollar’s Biggest Decline was from 2001-08 — down 41%
Nov.6, 2012 Election day, trading at approximately 1.28
The Euro MarketWatch.com – When Will the Euro Collapse? It’s Already Dead In reality, whether it is a few months or a decade away does not make as much difference as you might suppose. Why not? Because in most of the ways that actually matter, the euro is already dead. The Financial Times – Greece…Read More
Click to enlarge: The Telegraph – The euro is “irreversible” and not in danger, says Draghi The euro is “irreversible” and the beleaguered currency union is not in danger of collapsing, according to European Central Bank President Mario Draghi, who also argued that eurozone nations will eventually be bound even closer together. The central bank…Read More