Monday, April 23, 2007
What's hot? Loonies and dongs
The Canadian dollar (the loonie) is approaching parity with the U.S. dollar with a rise to 89.05 cents at close on Friday. Though the U.S. dollar lost against most major currencies, the loonie showed the greatest gain. It's up 6% since February, which wouldn't have been a bad return on those devaluing US dollars.
Meanwhile, dong derivatives are heating up, and a stronger, more robust dong is forecast. Think about it. Then you decide.
Something you should know about your dollars (9/24/04)