Tag: dollar

COMMENTARY

Jamaican Dollar Is Sick

“We cannot, as a nation, afford the cultural perception that our currency is irrelevant,” says a Minister of state in the Jamaican Government. We can deny, because of our cultural perceptions, that our $Ja is irrelevant, but we do not have such luxury to demand or boast that it is not an underling in the marketplace. Indeed, given the choice […]

Jamaica

Jamaican Dollar Slides To Record Low

The Jamaican dollar continues to slide against major currencies, hitting a record low against the U.S. currency. At the end of trading, the U.S. dollar was selling for $150.01 against the local currency. Since the start of July, the dollar has lost seven percent of its value. The Canadian dollar closed at $113.97. The Pound is going for $196.11, while […]

Jamaica

The Jamaican Dollar Rachets Up

The US dollar on Wednesday, July 17 ended trading at J$137.31 up by 28 cents according to the Bank of Jamaica’s daily foreign exchange trading summary. Meanwhile, the Canadian dollar ended trading at J$103.12 down from J$106.26, while the British pound sterling ended trading at J$167.69 up from J$167.56. Readers Bureau Edited by Jesus Chan Do you want to add […]

BUSINESS Commerce

U.S. Move Sends Canadian Dollar Stumbling

The United States act of imposing new tariffs on softwood lumber has sent the Canadian dollar tumbling to a 14-month low. The United States said recently it will impose preliminary anti-subsidy duties averaging 20 per cent on imports of Canadian softwood lumber, escalating a long-running trade dispute between the two countries. While the currency fell, shares in Canadian lumber companies […]

COMMENTARY

The Collapse Of The Dollar

Investment banker and risk manager, James Rickards posits the view on coasttocoast.com radio discussion program recently that the collapse of the dollar and the International Monetary System are not only imminent but also inevitable. He argued that the International Monetary System collapsed three times in the last century – 1914, 1939, and 1971 when former President Richard Nixon took the […]