Dollar News
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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.
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The Canadian loonie's climb to parity with the US dollar should hold steady throughout the rest of 2010 but experts predict that it is vulnerable to a pullback before spring.
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The U.S. economic recovery, which is now forecasted to struggle until 2015, will compel currency debasement by the Feds and compel countries and investors to reexamine their dollar holdings.
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New York -
The Federal Reserve System announced in a press release that it will delay the latest issue of the new $100 bill after a problem of "sporadic creasing of the paper." It was originally supposed to be issued in February.
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...the US government’s credit rating must appear on someone’s credit watch list, inside of two years, if not, altogether downgraded to less than AAA. This is a plus for gold.
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Paris -
A new survey taken with a number of economists suggests that they think the euro will cease to exist by the end of this Parliamentary term. The fear could continue as the euro dropped below $1.20 against the U.S. dollar.
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Toronto -
The Canadian dollar opened the trading session fully above the United States dollar up one-third of a cent at 100.18 cents US.
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Toronto -
In midmorning trading, the Canadian loonie exceeded parity with the United States dollar for the first time since July 2008. Rising oil prices is said to have contributed to the American dollar's decline.
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Toronto -
As commodities rose, the Canadian loonie was within an inch of parity with the United States dollar on Monday when it hit 99.7 cents U.S. in the mid-afternoon trading session.
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Toronto -
The Canadian dollar went above 99 cents today before dropping back but it is still continuing to chase parity with the troubled United States dollar.
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Dollar Headlines
 The Canadian dollar sllipped Wednesday, despite a lift in commodity prices.
Getting to Mars for half a milllion dollars
 The TSX, the dollar and oil prices all moved higher Tuesday as investors reacted to positive data on manufacturing.
The Japanese yen hits an 11-month low against the dollar as the US currency strengthens on hopes of a recovery in the US economy.
 The euro fell to a new, 16-month low against the U.S. dollar Friday amid grim economic news in Europe and as the dollar rallied on a positive surprise about American job creation.
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