CountryCurrencyWe will buy from youWe will sell to you United States US Dollar (USD) 1.336 1.4298 European Union Euro (EUR) 1.4515 1.5765 United Kingdom Pound Sterling (GBP) 1.7447 1.8632 Australia Australian Dollar (AUD) 0.8769 0.9576 Austria Euro (EUR) 1.4515 1.5765 Belgium Euro (...
BMO ETF Portfolio Strategy Report Third Quarter 2012 BMO EXCHANGE TRADED FUNDS The Addiction to Intervention Alfred Lee, CFA, CMT, DMS Vice President & Investment Strategist BMO ETFs & Global Structured Investments BMO Asset Management Inc. alfred.lee@bmo.com In this report: Recent Developments......
Such stimulus is generally detrimental to the Euro because it keeps interest rates low, in order to spur economic activity and thus inflation, which are all major drivers of currency appreciation. Higher interest rates attract greater inflows of foreign capital, that is in search of higher returns...
but the currency has been the competitive killer. In a nuts , that’s why the Bank, under this ernor, is so quietly concerned about not triggering unwarranted strength in the loonie, and why it has toned down the rhetoric on cash hoarding and weak productivity. To quote Pogo, they have...
(All amounts in thousands of Canadian dollars, except per share data) September 30, 2013 (a) Currency risk Currency risk is the risk that the value of investments denominated in currencies, other than the functional currency of the Fund, will fluctuate due to changes in foreign exchange rates...