Canadian dollar opened at 97.01 cents US, up 0.72 of a cent
TORONTO - The Canadian dollar opened at 97.01 cents US, up 0.72 of a cent from Wednesday's close.The U.S. dollar stood at C$1.0308, down
In the United States we have a floating currency. The government cannot raise or lower the US Dollar exchange rate directly. It cannot raise or lower the conversion rate by decree, for example, by declaring that “As of noon tomorrow, all US banks will sell Euros or buy Japanese yen for exactly so many dollars and so many cents.” But the Federal Reserve can and does change the Funds rate. When they increase the rate, interest rates rise a bit all across the US banking system. This has the ripple effect of reducing the overall supply of dollars, which makes the US Dollar stronger against other world currencies. Having a low dollar to euro exchange rate, for example, may not be entirely a bad thing for all Americans. We know that it makes daily life expensive for American tourists in Paris or Rome who must convert dollars to euros before buying a croissant or getting opera tickets. But, a cheap dollar in Europe makes American cars more of a bargain for Europeans to buy. European companies might be more likely to choose an American consultant or software company, because the price in dollars is now very affordable in Germany or France. Currencies trading experts know that it's important to be following trends and staying alert for potential increases or decreases in the inflation rate and the shrinking or rising money supply.
Dollar closes almost half a US cent higher
DTHE dollar closed almost half a US cent higher today, recovering partially from the one cent fall after yesterday's lower than expected inflation figures.
Canadian dollar closed at 96.51 cents US, up 0.22 of a cent Thursday
TORONTO - The Canadian dollar closed up 0.22 of a cent US at 96.51 cents on Thursday. The U.S. dollar stood at 103.62, down 0.23 of a cent. Pound sterling settled C$1.6177, down 0.13 of a cent and US$1.5612, up 0.22 of a cent.
US Dollar Slips To More Than 2-month Low Versus Israeli Shekel
(RTTNews) - Extending European session downtrend, the US dollar declined further against the Israeli shekel during New York trading on Thursday. At 11:15 am ET, the greenback dropped to more than a 2-month low of 3.7671 versus the shekel, compared to 3.8081 hit tardy New York Wednesday.
Canadian dollar is up 0.45 of a cent to 96.74 cents US at 11 a.m. ET Thursday
TORONTO - The Canadian dollar traded at 96.74 cents US this morning, up 0.45 of a cent from Wednesday's close. The U.S. dollar was trading at
US dollar dips in choppy trading
NEW YORK: The US dollar was mixed against other major currencies in choppy trade on Wednesday, as investors once again worried about the economic outlook.
Dollar drops on US economic worries
The Australian dollar opened lower today as concerns about the recovery in the US economy weighed on financial markets.
US Dollar Mixed Against Majors Amid Key Economic Data
(RTTNews) - The US dollar exhibited mixed trading against major opponents after the release of some key economic reports during New York mid-day deals on Wednesday.
Dollar on the down-low thanks to US dip
THE dollar was lower at noon as concerns on the US economy lowered investor sentiment for high-yielding assets.
US Dollar Rebounds as Risky Assets Hint Double Top
The US Dollar has managed to rise for the first in four sessions while stock prices stalled and oil tracked lower, hinting double tops may be emerging at Junes highs. Meanwhile, gold has taken out a key support level.