Euro Rises Versus Dollar as Inflation Accelerates; Canadian Dollar Climbs
The euro climbed against the dollar as a report showed European inflation accelerated to a two-year high this month, signaling policy makers may be moving closer to raising interest rates.
Canada Bears Tripling Bets as Carney Says Loonie Too Strong for Exporters
The Canadian dollar’s 22 percent surge against the U.S. currency has become such a threat to the economy that central bankers and chief financial officers are encouraging the loonie to weaken.
The euro climbed against the dollar as a report showed European inflation accelerated to a two-year high this month, signaling policy makers may be moving closer to raising interest rates.
Canada Bears Tripling Bets as Carney Says Loonie Too Strong for Exporters
The Canadian dollar’s 22 percent surge against the U.S. currency has become such a threat to the economy that central bankers and chief financial officers are encouraging the loonie to weaken.
Canada’s dollar pared its gains against it U.S. counterpart to trade at C$1.0004 in Toronto.
Colombia May Pause at 3% After Economy Slows, Inflation Expectations Rise
Colombia’s central bank will likely keep its benchmark interest rate at a record low after the economy slowed and may indicate readiness to raise borrowing costs as soon as March to damp rising inflation expectations.
