(Bloomberg) -- Canada's dollar rose for a fourth straight week, its longest rally in more than a year, on speculation higher commodity prices will support the nation's economy and fuel demand for the currency.
The currency reached a four-month high this week as firms including Goldman, Sachs & Co. predicted further gains, following a surge in the prices of Canada's main commodity exports, and after a report showed job growth is accelerating.
Read more at Bloomberg Currencies News
Saturday, April 14, 2007
Brazil, US manufacturers want world trade deal
(Reuters) - Industrialists from Brazil and the United States agreed on Friday to work together to bring down barriers imposed by their governments that have thwarted a long-sought world trade deal.
Leaders of two powerful lobby groups, the U.S. National Association of Manufacturers (NAM) and the Federation of Industries of Sao Paulo State (FIESP), said they were committed to helping achieve a fair and balanced free trade agreement under the auspices of the World Trade Organization.
Read more at Reuters Africa
Leaders of two powerful lobby groups, the U.S. National Association of Manufacturers (NAM) and the Federation of Industries of Sao Paulo State (FIESP), said they were committed to helping achieve a fair and balanced free trade agreement under the auspices of the World Trade Organization.
Read more at Reuters Africa
G7 mulls better use of oil money, China reserves
(Reuters) - Saudi Arabia, United Arab Emirates, China, and Russia discussed with G7 nations how surpluses derived from oil sales should be invested and Beijing's plans to more actively manage its foreign reserves, a senior Japanese finance ministry official said late on Friday.
After the official meeting, the G7 -- Britain, Canada, France, Germany, Italy and Japan and the United States -- held a dinner session with some non-G7 nations, often dubbed as a G7 "outreach" meeting.
Read more at Reuters Africa
After the official meeting, the G7 -- Britain, Canada, France, Germany, Italy and Japan and the United States -- held a dinner session with some non-G7 nations, often dubbed as a G7 "outreach" meeting.
Read more at Reuters Africa
South African Rand Declines for a Second Week; Worst Performing Currency
(Bloomberg) -- The South African rand had its biggest weekly drop in four as the central bank left interest rates unchanged.
The rand was the worst-performing currency this week of 71 tracked by Bloomberg, dropping almost 1 percent, after the South African Reserve Bank kept its benchmark rate at 9 percent for a second consecutive meeting yesterday. Higher rates would have improved the appeal of rand-denominated assets to foreigners.
Read more at Bloomberg Currencies News
The rand was the worst-performing currency this week of 71 tracked by Bloomberg, dropping almost 1 percent, after the South African Reserve Bank kept its benchmark rate at 9 percent for a second consecutive meeting yesterday. Higher rates would have improved the appeal of rand-denominated assets to foreigners.
Read more at Bloomberg Currencies News
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