Canada’s dollar fell to the lowest level in a month versus the greenback after a government report showed the nation’s economy expanded at a slower pace in the third quarter than economists forecast.
At least three trading patterns show Thailand’s baht, this year’s best-performing Asian currency, is poised to fall as policy makers step up warnings that its rally to a 16-year high is stretched.
The People’s Bank of China said the country does not benefit any more from increases in its foreign- currency holdings, adding to signs policy makers will rein in dollar purchases that limit the yuan’s appreciation.
"Broad dollar strength, which we expect to be the key theme through 2015, should be supported by Fed rate hikes, and pressure the rupee."
- Sacha Tihanyi on Jan 08, 2015