Currency News

What has been perhaps the most significant factor in the European Debt Crisis for the currencies markets has not been the actual event itself, but the reaction of global central bankers..

Venezuela's decision to devalue its currency has hit Procter and Gamble's profits by $275 million in what is described as an 'almost overnight' movement.

Toronto - An extremely small sign at the TTC (Toronto Transit Commission) collector booth in downtown Toronto startled me yesterday when I saw the sign that there will now be a 10% surcharge if you are paying in US Funds for your transit ride.

London - Lord Simon Wolfson is a multi-millionaire and CEO of the Next fashion chain. He came up with a competition - the 'Wolfson Economics Prize' - for the best way to exit the euro.

The US dollar (USD) could collapse within the near future. The USD could fall during the months of October or November of 2012 or shortly afterwards. It could be replaced by either a new global or North American currency.

China seeks to replace the diminishing U.S. dollar as the world reserve and trade currency, and efforts are underway in Beijing to set up the Chinese yuan for global currency.

Portland - An Oregon woman says a Save-a-Lot grocery store refused to allow her to pay for her purchase with change when she recently went to the market with her last thirty-two dollars she had saved in a tin can.

A new form of currency called BitCoin has been sweeping the internet and can be exchanged for real world goods or money. The most interesting aspect is that any user can generate BitCoins out of thin air.

Ottawa - What's in your wallet? If the Bank of Canada's plan to roll out its new notes goes off without a hitch, Canadians can expect to be carrying a lot more plastic.

This month, gold broke through the psychological $1300 per fine ounce threshold. It’s highest value ever. Should one broaden their investment portfolio to include gold?