G-7 ministers resolve little on dollar: statement reflects concern for volatility and disorder amid currency's weakness

Article Abstract:

The Group of Seven Ministers have expressed concern over the fall of the dollar, which was to the tune of twenty-two per cent, as against the euro, which had risen by nineteen per cent. However, it was felt that the dollar had not fallen too far, and further, a lower dollar would close the U.S. economy's output gap, by making the exports more competitive.

Comparative analysis, Powers and duties, Group of 7

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Dollar rebound builds on stronger economic data

Article Abstract:

With the U.S. dollar posting an increase in value against the British pound, the euro, and the Canadian dollar, it is thought that currency traders may be regaining confidence in the American currency. The fledgling strength of the dollar is being attributed in part to encouraging economic data in the U.S. and a slowing economy in Europe.

Canada, Europe, Economic aspects, Foreign exchange market

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Dollar's sharp about-face has traders scratching their heads

Article Abstract:

An increase in the value of the U.S. dollar following a recent tumble to its lowest rate in years, is discussed. Predictions by analysts as to whether the dollar's rally is evidence of what will be a sustained increase or merely an anomaly to be followed by a continued downturn, are also examined.

Column, Foreign exchange rates

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