Fox Lake Towing and Recovery

Tag: Currency

Bucking a Trend: Why the Dollar Could Rally in 2011

by on Feb.21, 2011, under Towing

Dollar versus renminbi

Despite all the headwinds blowing against it — and they’re fierce — the U.S. dollar has been holding its own against the world’s major currencies. And if the U.S. recovery remains on track, the greenback has good odds of actually strengthening in 2011.

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Bucking a Trend: Why the Dollar Could Rally in 2011 originally appeared on DailyFinance on Mon, 21 Feb 2011 10:00:00.

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Can the U.S. Sidestep Growing Global Inflation?

by on Feb.16, 2011, under Towing

Consumer price inflation

Rising food and energy prices will likely hit America the same way they’ve hit other countries. Other inflationary forces are more variable from nation to nation. Still, the U.S. can’t fully escape rising prices, especially when it comes those common consumer necessities.

Continue reading Can the U.S. Sidestep Growing Global Inflation?

Can the U.S. Sidestep Growing Global Inflation? originally appeared on DailyFinance on Wed, 16 Feb 2011 06:30:00.

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As Japan Slips, China Moves Into Second Place

by on Feb.14, 2011, under Towing

China has officially bumped Japan as the world’s second largest economy. Japan reported its GDP grew only 1.8% last year to $5.47 trillion, while China’s climbed 10.3% to $5.88 trillion.

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As Japan Slips, China Moves Into Second Place originally appeared on DailyFinance on Mon, 14 Feb 2011 08:11:00.

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Earnings Preview: Toyota Fights Recall Woes and Stronger Yen

by on Feb.07, 2011, under Towing

The Japanese automaker’s bottom line is likely to have been hit by its many safety recalls, weaker U.S. sales and Japan’s rising currency. Analysts forecast Toyota will report a quarterly profit of about $1 billion on sales of $56.2 billion.

Continue reading Earnings Preview: Toyota Fights Recall Woes and Stronger Yen

Earnings Preview: Toyota Fights Recall Woes and Stronger Yen originally appeared on DailyFinance on Mon, 07 Feb 2011 12:15:00.

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Why the Dollar Is Tanking as Cairo Burns

by on Feb.03, 2011, under Towing

Protesters firebombed in Cairo

When crisis erupts, such as the current fighting in Egypt, investors usually flee to safety. Historically, that has meant piling into the U.S. dollar. But a funny thing happened when protesters took to the streets of Cairo. For the reason why, look to Europe.

Continue reading Why the Dollar Is Tanking as Cairo Burns

Why the Dollar Is Tanking as Cairo Burns originally appeared on DailyFinance on Thu, 03 Feb 2011 06:30:00.

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