The Canadian dollar may have more strength and power in the upswing. Bank of Canada Governor David Dodge thinks that inflation may hit as high as 3 % before it can slide down to 2 % which is the bank’s target. Iran has demanded that Japanese refiners switch to the yen currency to offset the risk that U.S. dollar transfers may be frozen through increased sanctions. It is likely that Iran will request Euro currency from the Europeans, as they had previously suggested Iran . Iran is also cutting its dollar reserves to less than 20 % of their total foreign currency holdings, preferring euros and yen going forward. The U.S. dollar is being hit all over the place, though it may be the perfect tonic for America’s trade deficit.
Related Websites - Hedging Against the Declining Dollar Last week I published a tip on how an investor can concurrently hedge against inflation and currency risks. This week Peter Navarro, one of my favorite economists, published an interesting video that does two things. First, it explains why there...
- Are 50% Discounts Becoming Common In Florida? Looks like the housing market is bad in more than just Miami. I just got this email from a real estate agent based in Florida regarding a Short Sale. We have several sellers ready to walk away from their property...
- Foreign Exhcange Forex trading, where do customers go? Forex trading uses currency and stock markets from a variety of countries to create a trading market where millions and millions are traded and exchanged daily. This market is similar to the stock market,...
- Mastering the Art of Stair Repair Broken or loose stairs are not only unsightly, but they can also be incredibly dangerous. Repairing stairs doesn’t have to be difficult and unless they need a total replacement, you should be able to take care of it with just...