News
Market Watch | Dollar rises on rivals as euro euphoria fades
The dollar rose against most major rival currencies Friday, clawing back losses against the euro as initial euphoria over fresh aid for Greece faded and as investors considered other risks in Europe.
Bloomberg | Canadian Dollar Falls as Inflation Rate Slows More Than Forecast
“Every aspect of the release was a big miss in light of the market’s expectation that core inflationary pressures were rising, dovetailing with the bank’s guidance provided earlier this week,” Jack Spitz, managing director of foreign exchange at National Bank of Canada, said by phone from Toronto. “We’re already seeing it in terms of the Canadian dollar.”
National Journal | GAO Completes Its First Top-to-Bottom Fed Audit
The Government Accountability Office completed its first top-to-bottom audit of the Federal Reserve on Thursday and recommended, in benign language, seven ways the Fed could better itself.
Econ Comments
Minyanville | The Double-Edged Sword of a Weak Dollar
The Fed has taken the approach that the weaker dollar is an answer to economic growth problems, but the double-edged sword of a weak dollar is the lack of job growth.
