Central Bankers Love The Aussie Dollar and Canadian Loonie

Filed in central-banks, currencies, Debt, euro, New Gold, sov by on June 22, 2010 0 Comments

Filed under: International Markets , Insiders , Market Matters , Economic Data , Currency In an ever changing world, central bankers are reevaluating which currencies to add to their sovereign reserves. Central bankers, by the very nature of their positions, must take every precaution when investing their country’s sovereign reserves. Looking around we see Europe in a mess. Greece is being bailed out by its other eurozone partners. As a consequence, its borrowing costs have doubled to 9.4%. Yields on Portuguese debt stands at 6.3%, the highest since the euro started in 1999. Last month the EU announced a 750 billion euro rescue mechanism to stabilize the market. The euro hit a four year low of $1.1877 on June 7. As a sitting central banker, would you go there? Probably not. Continue reading Central Bankers Love The Aussie Dollar and Canadian Loonie Central Bankers Love The Aussie Dollar and Canadian Loonie originally appeared on BloggingStocks on Tue, 22 Jun 2010 16:40:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Central Bankers Love The Aussie Dollar and Canadian Loonie

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