2011 Currencies Outlook & 2010 Review
Jan07

2011 Currencies Outlook & 2010 Review

2010 was a rollercoast year for currencies.  The euro dropped versus the US dollar to its lowest level since 2006, due to the European sovereign debt crisis. Canada’s financially stable banking system and commodity rich economy helped the Canadian dollar to rise above parity.  The Japanese yen, also rose to a 15 year high against the dollar after the Bank of Japan and new prime minister intervened in the market, to aggressively...

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Global Currency Battle Intensifies

The global currency battle has deepened yet again as countries push forward with efforts to resist capital inflows that increase their currencies and undercut the competitiveness of their exports. Thailand imposed a 15% withholding tax on capital gains and interest income from foreign investment in government debt in a bid to curb the Thai baht.  The baht has risen to its highest point since the 1997 Asian financial crisis. The...

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